this idea stems from simple SMT concepts price will move the POI's ( this is money sat in the market either by traders= liquidity or money being injected = imbalances. by following these 2 areas you'll be able to gauge where price needs to go based off of structure.
Structure is where people got in lower highs traders get in, double top or bottom traders get in and you'll always see the market come back to these places, where they get in that's where we want to get out i see gold running higher than where we currently are with a final take profit marked at 3439 before price moves remember it needs a POI to move from
Structure is where people got in lower highs traders get in, double top or bottom traders get in and you'll always see the market come back to these places, where they get in that's where we want to get out i see gold running higher than where we currently are with a final take profit marked at 3439 before price moves remember it needs a POI to move from
Trade active
im expecting to see a reaction off the current level we're sat at if it holds above i will continue to long Trade closed manually
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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.