XAUUSD is consolidating/ correcting in the form of this rising wedge formation, at the low of the wedge price has left beautiful EQL lows, in which below resides a large amount of buyers stops. Favouring the overall bearish continuation of the HTF trend here, we will be monitoring the LTF for potential entry confirmations at our zone of confluence.
IF entry rules are satisfied we will be targeting the liquidity imbalance @ 1680
IF entry rules are satisfied we will be targeting the liquidity imbalance @ 1680
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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.