As we discussed last week, we remain bearish on gold, acknowledging that this pair has the fundamentals to push higher. We are mindful that counter-trades can be just as valid as trend trades, given that the price is currently consolidating.
We are analyzing the liquidity stored below in the form of high-volume lows, as well as the liquidity above. While we anticipate price targeting these lows, we are also considering potential bullish movements from this level. However, we will not simply enter a long position, hoping for an upward move. Instead, we are closely tracking lower time frames and key entry levels for potential upside opportunities.
It is important to keep in mind that liquidity highs are the levels from which we would prefer to sell. Currently, the market appears to be heading toward the liquid lows. We will allow price to flow in that direction, and if it reaches our key levels, we will evaluate our options accordingly.
Always stay in line with your trading plan, manage your risk effectively, and continue to follow Orion.
We are analyzing the liquidity stored below in the form of high-volume lows, as well as the liquidity above. While we anticipate price targeting these lows, we are also considering potential bullish movements from this level. However, we will not simply enter a long position, hoping for an upward move. Instead, we are closely tracking lower time frames and key entry levels for potential upside opportunities.
It is important to keep in mind that liquidity highs are the levels from which we would prefer to sell. Currently, the market appears to be heading toward the liquid lows. We will allow price to flow in that direction, and if it reaches our key levels, we will evaluate our options accordingly.
Always stay in line with your trading plan, manage your risk effectively, and continue to follow Orion.
Our FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Related publications
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.
Our FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Related publications
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.