BIAS
Confirmation
In the H1 time frame we have a Strong Close above the OF(Order Flow), which is confirmation for our entry.
Disclaimer: The Above Analysis is for Educational Purpose Only and is not indented as investment purposes.
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- LTCC(Last two Candle Close)
As we can clearly see that the market is struggling to close below the previous day lows and only the previous day low liquidity being taken, Expecting buyers to pitch in. Clear Sign of BULLISH BIAS - LTCD(Last two Candle Divergence)
Present day shows a Bullish divergence with XAGUSD creating a Lower Low in it and XAGUSD Failing to do so.(Sign of Smart Money) - IRL to ERL(Internal Range Liquidity)
Momentum in Daily TF is Speed Up + Slow Down which is a clear sign of Strong Buyer and Weak Seller in the Market. In the current trading range of daily time frame XAUUSD has now reached to its discount level approaching a daily imbalance with LTCC and LTCD indicating Buyers in the Market.
Confirmation
In the H1 time frame we have a Strong Close above the OF(Order Flow), which is confirmation for our entry.
Disclaimer: The Above Analysis is for Educational Purpose Only and is not indented as investment purposes.
___________________________________
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
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.
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.