Xauusd Long Idea
Updated
XAUUSD Spotted a bullish fair value gap that has not been tapped into. Waited for price to tap into the fair value gap which did not make the trade valid yet.
Price inverted the 50% area inside the fair value gap and closed which signaled me to take my long entry. Set my take profit where previous bearish liquidity had an indecision. Set my stops below leaving some breathing room.
* I am by no means a financial advisor and it is your responsibility to manage risk*
Note
Weird how that price respects the fair value gap. i learned that fair value gaps are a clean win or a consolidation at that level. Sometimes it does result in a loss but no more than trendlines.
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.