henrynhf13

henrynhf13

Although XAUUSD is at uptrend now, but the price is entering into downtrend phase to target sell side liquidity resting below. With the sell side liquidity sweep it will regain momentum back to the major trend which is uptrend.

henrynhf13

Rejected from higher timeframe Create CISD with volume retest the CISD level.

henrynhf13

The price already form CISD in M15 moreover it was pull back from the higher timeframe with that we can enter with confidence as long trade

henrynhf13

1. The price rejected in higher time frame 2. In M15 it show the forming of CISD 3. Align with the higher time frame and set the PO with 1:2 ratio.

henrynhf13

As of now this pair is in consolidation phase, soon it will be in distribution phase for SHORT will only find the trading opportunity at the price 0.68594 and for LONG only find the opportunity at the price 0.67618. Both price area are order block after FVG.

henrynhf13

In the 1H there has a FVG and a order block as a trader we can trade if the opportunity arises.

henrynhf13

In the mean time the price form CISD reason being 1. the price broke the recent high with red arrow 2. price has swept the liquidity with green arrow 3. Broke with large candle representing high volume traded. Mean the institutions are in play 4. Has pull back to the original breaking price With 4 conditions met, the CISD concept is align and it consider bullish trend.

henrynhf13

The price has conducted CHOCH and BOS in the lower timeframe, it shows bear trend already ended. Now bull will take over and continue upward moment after the price get enough liquidity.

henrynhf13

Long Gold if the price creates CHOCH in M15, prediction of trade is as below; Entry Price : 2649.57 Stop Loss : 2638.42 Take Profit : 2671.93