Hello Traders!
Last week, we saw XAUUSD break its H4 bearish trend on Thursday, followed by a trap for early buyers and then a strong bullish move. On Friday, price swept a key level the same one that previously triggered a strong sell off, and cleared major bearish FVG liquidity.
Now, buyers’ liquidity lies below, and today, the market might grab part of it. First stop looks to be 3351–3349, where another sell off could begin. The second target zone is around 3338–3330, which may offer a corrective bounce.
Last weeks trades were precise and low risk, aiming for the same this week.
Join me for more accurate and well managed setups.
Happy trading! 📈
Last week, we saw XAUUSD break its H4 bearish trend on Thursday, followed by a trap for early buyers and then a strong bullish move. On Friday, price swept a key level the same one that previously triggered a strong sell off, and cleared major bearish FVG liquidity.
Now, buyers’ liquidity lies below, and today, the market might grab part of it. First stop looks to be 3351–3349, where another sell off could begin. The second target zone is around 3338–3330, which may offer a corrective bounce.
Last weeks trades were precise and low risk, aiming for the same this week.
Join me for more accurate and well managed setups.
Happy trading! 📈
Trade active
Just like I mentioned earlier, the market will trap around the trendline,it doesnt trap, it respected it but failed to make a new high. For now, I’m expecting a further drop towards 3335, and then we might see a potential buying move in the Asian session.
📈 Follow for accurate setups in the Asian session
Wishing you all the best of luck!
Trade closed: target reached
this is final update of this idea, and prices will push lower, its better to focus on selling and sell every high
happy trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.