Hi Traders,
I am looking at XAU/USD this morning as the London session has kicked in, Price has dropped since the Asian session open, then reversed to the Asian open within the session, We now see that price has wicked the top of the Asian session and seems as if this could be a liquidity grab to fuel price back to the Asian lows,
I love how the current h1 candle is looking, I would like to see price close and then I will be looking for shorts if price creates a minor pullback, Keep in mind that price does not have to do anything, We can only react to what it gives us.
I will be looking to target the Asian lows at 1846. And I will be securing profit on the way down. This is a simple yet effective setup if it plays out.
Remain patient and trade what you see, not what you think should happen.
Renaldo Philander.
I am looking at XAU/USD this morning as the London session has kicked in, Price has dropped since the Asian session open, then reversed to the Asian open within the session, We now see that price has wicked the top of the Asian session and seems as if this could be a liquidity grab to fuel price back to the Asian lows,
I love how the current h1 candle is looking, I would like to see price close and then I will be looking for shorts if price creates a minor pullback, Keep in mind that price does not have to do anything, We can only react to what it gives us.
I will be looking to target the Asian lows at 1846. And I will be securing profit on the way down. This is a simple yet effective setup if it plays out.
Remain patient and trade what you see, not what you think should happen.
Renaldo Philander.
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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.