XAUUSD Bearish Trap
Hello Traders!
Reminder‼
XAUUSD is still in a very strong bullish in all timeframes. So, becareful on getting trapped by minor pullbacks low possibly ndicating a change in trend.
Technically, as we approach our Point of Interest there is liquidity pool that is left above and the market need to induce 1D Order Block above our Zone because many traders have notice a very clean and nice opportunity to join a ride as continuation entry.
Demand Zone 🌟
Area @2292
Reasons:
- Order block (1h)
- Quasimodo level
- Imbalance
- Liquidity
- Inducement
Reminder‼
XAUUSD is still in a very strong bullish in all timeframes. So, becareful on getting trapped by minor pullbacks low possibly ndicating a change in trend.
Technically, as we approach our Point of Interest there is liquidity pool that is left above and the market need to induce 1D Order Block above our Zone because many traders have notice a very clean and nice opportunity to join a ride as continuation entry.
Demand Zone 🌟
Area @2292
Reasons:
- Order block (1h)
- Quasimodo level
- Imbalance
- Liquidity
- Inducement
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.