The Daily Edge - 19th Feb 2025
Trading the Consolidation: Positioning for a Potential Reversal
Market Overview
Tuesday remained within consolidation, and closing above Friday’s open.
Preferred long entries remain near 2860 for better risk-reward.
Midweek reversal potential in play, positioning for shorts at 2940 highs.
Key Observations
2940 tested, but not an ideal long entry – 2860 remains the better zone.
Entered shorts at 2940, targeting the consolidation low.
1H Market Maker Sell Model aligns with short bias.
Our Next Steps
Manage short positions – Adjust based on price behavior.
Monitor midweek reversal potential – Look for confirmation.
Remain open to invalidation – A break above 2940 requires reassessment.
Reflection Prompt
How does recognizing Market Maker models alongside higher time frame structures improve conviction in trade setups?
#XAUUSD #Gold #TradingView #MarketAnalysis #PriceAction #PipsnPaper
Market Overview
Tuesday remained within consolidation, and closing above Friday’s open.
Preferred long entries remain near 2860 for better risk-reward.
Midweek reversal potential in play, positioning for shorts at 2940 highs.
Key Observations
2940 tested, but not an ideal long entry – 2860 remains the better zone.
Entered shorts at 2940, targeting the consolidation low.
1H Market Maker Sell Model aligns with short bias.
Our Next Steps
Manage short positions – Adjust based on price behavior.
Monitor midweek reversal potential – Look for confirmation.
Remain open to invalidation – A break above 2940 requires reassessment.
Reflection Prompt
How does recognizing Market Maker models alongside higher time frame structures improve conviction in trade setups?
#XAUUSD #Gold #TradingView #MarketAnalysis #PriceAction #PipsnPaper
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.
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.