XAU SELL
Updated
Price reached a 4 Hours Order Block and it has completed a Cypher geometric pattern that shows potential reversal.
ENTRY ZONE - is the 4H order block area.
We need to wait for the following:
1- price has to go at least at 50% into the 4H order block
2 - price has to BOS- break structure downwards in 15 MIN
3 - price has to retrace to at least 38-61% GANN BOX LEVELS
TARGETS
TP1 - first 15 MIN order block
TP2 - first 4H order block
#SMARTMONEY
#XAUUSD
#INSTITUTIONALLEVELS
ENTRY ZONE - is the 4H order block area.
We need to wait for the following:
1- price has to go at least at 50% into the 4H order block
2 - price has to BOS- break structure downwards in 15 MIN
3 - price has to retrace to at least 38-61% GANN BOX LEVELS
TARGETS
TP1 - first 15 MIN order block
TP2 - first 4H order block
#SMARTMONEY
#XAUUSD
#INSTITUTIONALLEVELS
Note
Price has broken 15 MIN structure downwards (only wick, no body) & retraced to FIB 38-61% and mitigated the 15 MIN Order Block. It's Friday so it's wise to wait until Sunday at open market to re-evaluate
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