Today's price action is looking very interesting, an ideal setup for trading. Watch the video and, if you find it helpful, give it a like and a boost so more people who might benefit from it can see it too
We had a market structure shift (MSS) followed by a break of structure (BOS), then a second BOS that triggered a retracement into the Fibonacci Optimal Trade Entry (OTE) level, forming a swing high — an ideal setup to go short.
Waiting for price action to give me a swing high formation or a shift in market structure in my Point Of Interest (POI) and i will have the opportunity going short on Gold with my Target on the draw of liquidity on daily Timeframe with Take profit as follows
Take profit 1 - 3278.84
Take profit 2 - 3270.80
Take profit 3 - 3262.06
And Stop loss @ Swing High
...
I'm waiting for that small FVG to be used as an iFVG — once that happens, I'll take my first entry on the retest.
Another entry will come from MSS on the lower time frame; if a swing low forms, that will also confirm another entry.
