XAU/USD Long with 6.8 R/R - approaching bullish Orderblock
Aktualisiert
If you like this analysis feel free to like & follow! I appreciate your support.
What we have here is very interesting. We saw a sharp drop after reaching OTE of our bearish Orderblock without retesting significant levels. This indicates that liquidity is left on the upside.
We just closed our 12hr candle bearish below $1285.30 which signals us that we could get lower towards $1276.70, right where our 200-EMA lies. I expect us to bounce off this level, if not we're taking out three equal lows and get to the downside of our bullish OB.
Targetting for OTE that fits with EQ from a longer term block.
More risky Stop-Loss: $1270.50
More conservative SL: $1264 as 200-MA is sitting right there.
Crucial levels: $1281.40 - $1277.50 - $1274.50
What we have here is very interesting. We saw a sharp drop after reaching OTE of our bearish Orderblock without retesting significant levels. This indicates that liquidity is left on the upside.
We just closed our 12hr candle bearish below $1285.30 which signals us that we could get lower towards $1276.70, right where our 200-EMA lies. I expect us to bounce off this level, if not we're taking out three equal lows and get to the downside of our bullish OB.
Targetting for OTE that fits with EQ from a longer term block.
More risky Stop-Loss: $1270.50
More conservative SL: $1264 as 200-MA is sitting right there.
Crucial levels: $1281.40 - $1277.50 - $1274.50
Trade ist aktiv
This is looking very good! Let's see how we close this 12hr candle. Current formation could indicate a potential bottom for this sharp drop.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.