As we can see on this chart, there is an existing order block before the pump. If this order block holds, we can see an ATH today. Otherwise, just gonna chill.
Xauusd could probably go back to H1 Order Block at 2696 before moving to the upside. If thos OB is broken, another other block at 2680 is waiting to be tapped before moving up.
H4 Order Block is formed at 2655-2662. I will wait for the price to retrace at this level and enter at midway at 2657.50. Target would be 2687.50 SL will be set at 2654.00
H4 Order Block is formed at 2655-2662. I will wait for the price to retrace at this level and enter at midway at 2657.50. Target would be 2687.50 SL will be set at 2654.00
Will this play out? Gold made a BOS in H1. Usually, Gold goes back to H1 or H4 order blocks just like whar it did in the past three days.
I am new to this and I am just applying what I have learned from watching some Youtube videos. I will take some trade on those key areas that I plotted. I will be patiently waiting for them to reach either of those and check if it is a high probability entry depending on the candle patterns (Double Top/Bottom, Engulfing and Wicks) I will appreciate if you...
I am new to this and learning the process. I am not sure if I am doing it right but I gave it a shot. I entered the trade because I saw that there were double bottoms in the support level. I am not sure if there was also an engulfing candle in M15. So, I will just let it play this time. Just risking 37 USD on this trade. 1:2 RR. Any comments or suggestion is...