After a long bearish move Gold starting to gain some upside moves but right now market is consolidating we can see there is a strong support at 2906 where the market show rejection multiple times after that there are two FVG's formed along with a Order Block at levels
2927-2937, 2934 and 2942. We have two scenarios right there.
Scenario 1:
We can take a buy position from the support zone if market tap the zone and than go for FVG
giving us a clean range of 200 pips to capture we can set our SL at the low of the zone i.e 2903
Scenario 2:
Here we have a sell scenario, If the market doesn't fall to support level and directly hit the FVG than we can take our sell entries from there since there are multiple FVG's we can see some rejection so we took sell in layers giving us more profits. We can set our SL above the Order Block above 2942.
2927-2937, 2934 and 2942. We have two scenarios right there.
Scenario 1:
We can take a buy position from the support zone if market tap the zone and than go for FVG
giving us a clean range of 200 pips to capture we can set our SL at the low of the zone i.e 2903
Scenario 2:
Here we have a sell scenario, If the market doesn't fall to support level and directly hit the FVG than we can take our sell entries from there since there are multiple FVG's we can see some rejection so we took sell in layers giving us more profits. We can set our SL above the Order Block above 2942.
Trade active
After so much consolidation market crash like a water fall break the support zone with a strong bull candle so we wait for rejection than reenter
Fundamentals & Technical Insights
Gold & BTC Specialists
Mastering Chart Patterns Together
Account management.
t.me/+a6yeLPhaskM4ZDI8
Gold & BTC Specialists
Mastering Chart Patterns Together
Account management.
t.me/+a6yeLPhaskM4ZDI8
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Fundamentals & Technical Insights
Gold & BTC Specialists
Mastering Chart Patterns Together
Account management.
t.me/+a6yeLPhaskM4ZDI8
Gold & BTC Specialists
Mastering Chart Patterns Together
Account management.
t.me/+a6yeLPhaskM4ZDI8
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.