Oil is ignoring worldwide pandemic and strictly reacting to demand so I stand bullish on oil. Watch for a reaction on those levels intraday for a precise entry for a buy on gold. Big chance those lows get swept before making move up so make sure to monitor higher lows and break of structure on 1-5 min tf.
break and retest of a daily order block, near my optimal fib level zone and 200 ema holding resistance. I will swing this if I see further rejection for london or new york, if not will wait for 70.9 fib level rejection.
The reason I was going long was because it hit a higher time order block and I was expecting to bounce off my personal entry fib levels but it failed to do that instead it swept the recent swing low and all the liquidity resting below it before making it’s big move back up. This is why it is important to not set your stop loss too tight because in my case I was a...
Like I said in my last idea, got to my highlighted area to do a liquidity run and take all the stops below equal highs. Retail traders will look at this & see a break and retest but trust me it is going up to atleast test the 135 level.