XAUUSDTrade Ideas - 💡
In the 30min time frame I have identified some a couple of opportunities that follow the bias highlighted on the daily, I have not set limit orders for but will wait until price action enters these areas. There is liquidity around 1860.50 which seems ideal for the market to sweep before heading higher on the weakness of the dollar, I have two entry opportunities depending on how far the market moves in the bearish direction to complete the liquidity sweep. I have also got a sell at the 1920 level which is just above 50% of a 5m BTS candle and on the 61.8% level of the Fib which are good confluences for a sell to finally take the liquidity resting at the 1852 level.
Let me know your thoughts?
DD
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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.