Michael_Petit1999

Michael_Petit1999

In my previous trade idea on GOLD, I said the market would keep trading higher into a Premium Swing High. But here is the reason why Price(THE MARKET) traded higher. Prior to creating a Swing High, the price was in a Discount Array. Price then created a Fair Value Gap on its way to creating that Swing High, Keep In Mind that this very Swing High is where our Take...

Michael_Petit1999

Gold is currently approaching the Take Profit as anticipated. Price has Mitigated an important area in Price which is the Fair Value Gap. The Fair Value Gap is a bonus because it further solidifies our already determined idea that the Market will sweep the nearest Swing High which is where traders who would have gone short during the initial drop in Price would...

Michael_Petit1999

We have seen create a Bullish Order Block prior to trading away from that particular Order Block and then creating a Swing High. After creating the Swing High, Price(The Market) then dropped to the earlier mentioned Bullish Order Block and mitigated it. After the Market mitigated the Bullish Order Block it started to trader away from it instantly and is currently...

Michael_Petit1999

On the Weekly Chart, Price(The Market) created a Premium Bearish Order Block before trading away from that Order Block and creating a Swing Low. Price has started to trade away from the Swing Low and is trading towards the Premium Bearish Order Block where my Take Profit lies above the Weekly Swing High

Michael_Petit1999

We have seen Price create a swing high on the 1 Hour chart and we have also seen Price(The Market) trade away from the recent swing high and into a Discount Fair Value Gap. Price has then mitigated the Fair Value Gap and has started to trade away from that area of inefficiency and will continue being Bullish until the Swing High on 20,302. The Take Profit is at 20,302

Michael_Petit1999

We have seen Price create a Daily swing high prior to mitigating a Daily Bullish Order Block, with the Order block being mitigated, we anticipate the Market to trade to the Swing High on the Daily Chart. Overall the Take Profit is at 20,802