As we can see, price fell this past week because of an order block (which was signaled by the manipulation that occurred at around 1830). Price then brokedown and came back to retest the Order block zone, giving us confirmation and an opportunity to open a position. An order block has been formed again on the M15 and I'll be waiting for price to retest the Order Block zone (at least the 0.5) before going long to give me a RR of 1: 13... Im open to any movement though. I respond to price not predict it.
*Disclaimer*
This is not financial advice. Forex trading is very risky. Trade at your own risk.
#Trade_Like_A_Magnate
*Disclaimer*
This is not financial advice. Forex trading is very risky. Trade at your own risk.
#Trade_Like_A_Magnate
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I have just seen another confluence on this setup. We have a clean Bullish Divergence on the RSI. Price bounced off the fibbo 61.8 on the H4. Im really looking for longs on gold