Institutional_trading
GOLD is TOO Valuable..Here's my trade idea on GOLD for the coming week. Gold is a valuable metal and it's always best to buy the dips with proper analysis of course. Here I've outlined my thought process behind the pair.
Key:
+OB - Bullish Orderblock
SSL - Sell Side Liquidity
MRL - Major Resistance Level
MSL - Major Support Level
GBPUSD - Liquidity TrapStill looking at a trap for Liquidity on Cable going into this week.
There are some nice lows that I'm looking for failure around providing a high probability move to the upside (targeting the FTA - First Trouble Area).
Why do I trade these liquidity traps?
Reason 1 - Because when price breaks structure, the breakout traders have their pending orders (Sell/Buy Stops) activated to which the institutional players will trap by failing the break and pulling price back slightly to close above/below previous structure, invalidating the breakout traders ideas so they will either hit stop or pull out of their order due to fear or rules.
Reason 2 - Because any retail traders who are currently still holding positions usually have their stops placed beyond structure/swing points creating a mass of orders. If you're not aware if you're short the market you have to buy back your position and if you're long the market you have to sell back your position.
For both of these reasons this creates a high volume area of transactions in the market creating high liquidity. If you study what the big players do at these areas, watch your strike rate grow!
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Gold - Institutional Long & ShortOANDA:XAUUSD
Trade Ideas - 💡
In the 30min time frame I have identified some a couple of opportunities that follow the bias highlighted on the daily, I have not set limit orders for but will wait until price action enters these areas. There is liquidity around 1860.50 which seems ideal for the market to sweep before heading higher on the weakness of the dollar, I have two entry opportunities depending on how far the market moves in the bearish direction to complete the liquidity sweep. I have also got a sell at the 1920 level which is just above 50% of a 5m BTS candle and on the 61.8% level of the Fib which are good confluences for a sell to finally take the liquidity resting at the 1852 level.
Let me know your thoughts?
Gold - Institutional BuyOANDA:XAUUSD
Trade Idea 💡
Gold has broken bearish structure on the 1hr TF, Looking for a buy at the mitigation o the last 1hr Sell to Buy candle before more bullish momentum to the last But to sell manipulation which also sits in an are of market imbalance.
Let me know your thoughts?
Gold - Longterm Institutional SellOANDA:XAUUSD
Analysis & Trade Idea 💡
On the daily timeframe Gold seems to be in overall distribution from August the 10th after the market reached all-time highs. Key supply (support) and demand (resistance) zones have been highlighted in green and red respectively, it is worth noting that gold respects whole levels as points of entry for the sell as these correlate with demand (resistance) zones. The key point of interest on the daily timeframe is the daily buy to sell Institutional Candle, a potential swing trade has been highlighted which incorporates the 1950 whole level, this is also within the 78.6% discounted price range of the Fibonacci, in addition, the market will be able to sweep the liquidity created at the 1930 whole level given the market movers motivation to reach this POI., for this reason, I have a short term bullish bias before a sell-off initiating from this level, this would also fulfill the UTAD (Upthrust after distribution) of the redistribution schematic which started to form at the beginning of October and the LSPY (Last point of Supply) in the distribution schematic that started to form after the all-time highs were established in August.
Let me know your thoughts?