XAUUSD Buy Setup Breakdown
🔹 Market Structure:
Price has been in an uptrend, forming higher highs and higher lows.
A trendline break and liquidity sweep suggest a potential bullish reversal from a key demand zone.
🔹 Entry Confirmation:
A buy zone is identified between 2852 and 2854, aligning with a 4H Fair Value Gap (FVG) and previous support.
Price has cleared liquidity below recent lows, increasing the likelihood of a reversal.
🔹 Trade Parameters:
Buy Entry: 2852 to 2854 (waiting for bullish confirmation).
Stop Loss (SL): 2844, placed below key liquidity levels to minimize risk.
Take Profit (TP): Not defined yet (will be updated based on price action).
🔹 Additional Notes:
M15 Bearish Engulfing caused a pullback, offering a discount for buyers.
Once price stabilizes in the buy zone, bullish momentum is expected to resume.
A trend continuation towards higher targets could be expected if structure holds.
This setup aligns with a liquidity grab + FVG confluence, making it a strong potential buying opportunity. 📈🔥
🔹 Market Structure:
Price has been in an uptrend, forming higher highs and higher lows.
A trendline break and liquidity sweep suggest a potential bullish reversal from a key demand zone.
🔹 Entry Confirmation:
A buy zone is identified between 2852 and 2854, aligning with a 4H Fair Value Gap (FVG) and previous support.
Price has cleared liquidity below recent lows, increasing the likelihood of a reversal.
🔹 Trade Parameters:
Buy Entry: 2852 to 2854 (waiting for bullish confirmation).
Stop Loss (SL): 2844, placed below key liquidity levels to minimize risk.
Take Profit (TP): Not defined yet (will be updated based on price action).
🔹 Additional Notes:
M15 Bearish Engulfing caused a pullback, offering a discount for buyers.
Once price stabilizes in the buy zone, bullish momentum is expected to resume.
A trend continuation towards higher targets could be expected if structure holds.
This setup aligns with a liquidity grab + FVG confluence, making it a strong potential buying opportunity. 📈🔥
Trade active
Note
80 pips from bottom close 30% with break evenNote
tp1 hit .. close half and set breakevenTrade closed manually
ckose 110 pips
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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.
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.