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Gold Spot / U.S. Dollar
Long

Bullish orderblock

By Tsepiso_iso
Updated
The market maker has absorbed liquidity (buy stops) below the bullish orderblock that price has traded through. To avoid trading straight from orderblock, wait for a price to trade through orderbreaker that was used to take out the stops below bullish orderblock and find support.
Comment
Price never get to break through orderbreaker which was giving us a confirmation to go long. The concept of a breaker is lit, imagine if we went long, we would have lost from this trade but because we wanted to see price breaking through the orderbreaker of which it never did.
Supply and Demand

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