Looking at gold.
We have a nice bearish continuation orderflow on the 15min TF.
We have a nice potential inducement level of liquidity that we are more than likely to take before moving lower.
This is a reduced risk entry due to where we are on the higher TF as we are pulling into a potential demand zone on the higher timeframe.
ITS REALLY IMPORTANT to remember where we are in terms of structure and as we well know Gold doesn't tend to fall for to long as it remains bullish the majority of the time. so in regards to the HTF like I mentioned above we are still bullish so we are expecting a reversal for the longer term at some point in the near future so this could be a case of get what we can from the market and then look for our LTF orderflow to switch Bullish before then looking for them long entries
We have a nice bearish continuation orderflow on the 15min TF.
We have a nice potential inducement level of liquidity that we are more than likely to take before moving lower.
This is a reduced risk entry due to where we are on the higher TF as we are pulling into a potential demand zone on the higher timeframe.
ITS REALLY IMPORTANT to remember where we are in terms of structure and as we well know Gold doesn't tend to fall for to long as it remains bullish the majority of the time. so in regards to the HTF like I mentioned above we are still bullish so we are expecting a reversal for the longer term at some point in the near future so this could be a case of get what we can from the market and then look for our LTF orderflow to switch Bullish before then looking for them long entries
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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.