XAUUSD Buy Signal:
Entry within the daily Fair Value Gap (FVG), aiming for a 1:3 Risk-Reward Ratio (RRR) with 1% risk. While there is a conflicting bearish FVG that might obstruct the path to the take-profit (TP) level, the trade setup remains valid and will be executed regardless.
Key Details:
- Risk: 1%
- RRR: 1:3
- Entry: Daily FVG in a discounted zone
- TP: Positioned below the bearish FVG to mitigate resistance
- Note: Monitor price action near the bearish FVG as it may create challenges for the bullish move.