I think this is a great scalping opportunity based on candle formations.
Looking to take long positions. Yet another order block has formed
GBPUSD, I typically enjoy strong candlestick movements such as “Order Block” candles but in this case it formed a presentable W formation.
Short opportunity for GBPAUD, seeing that it made an order block on the hour chart
There’s never really a need for unnecessary explanation for this setup or any. Just wait for it………… execute.
I personally believe that if you use moving averages, use them well. It is best to trade inside them but before you decide to trade with moving averages, look at the formation forming right before it enters the moving averages. If it is clear to you and the market (at that time) isn't congested and seems clear, take the trade. I call it in the zone of trading when...
If you would analyze the chart, I provided some analysis. Just seeing the possibility of some moves.
Seeing as Gold has bounced off the 200 hour MA (not shown here) but we can see Gold as a possible stong bearish movement.