During the NY session open, Gold (GC1!) broke above the 30-min ORB high at 3335.8, briefly entering a known supply zone (3342–3345). The move lacked follow-through and immediately reversed — signalling a liquidity sweep and classic NY session trap setup.
This invalidates the bullish breakout and supports a short-biased play back toward the ORB low and into deeper demand.
Trade Details:
Entry: 3336.0 (short after failed breakout + rejection candle)
Stop Loss: 3342.0 (above the supply zone high)
Take Profit 1: 3327.1 (ORB low)
Take Profit 2: 3320.0 (prior demand zone)
Take Profit 3 (optional): 3315.0 (liquidity void fill)
Risk:Reward: ~1:1.3 to TP1, ~1:2.2 to TP2
Position Type: Short
Execution Time Frame: 5-min/15-min
Model Tags: Liquidity Sweep, NY Session Fade, Supply Rejection
🔍 Quant Notes:
Price action exhibited a false breakout — NY session opened with an expansion move above ORB high, which was immediately rejected.
Re-entry into the ORB range confirms buyer exhaustion and makes a move back to the ORB low highly probable.
Bearish bias is reinforced by multiple upper wicks, supply zone rejection, and failed structure reclaim.
Key Confirmation:
Bearish engulfing or strong close back below 3335
Failure to reclaim EMAs or trend line
Momentum shift on 5-min with volume divergence
Closing Thoughts:
A failed ORB breakout into supply during NY open is a classic trap — and today’s price action on GC1! fits the model. This short setup targets the full ORB range retrace with potential continuation if sellers hold control.
This invalidates the bullish breakout and supports a short-biased play back toward the ORB low and into deeper demand.
Trade Details:
Entry: 3336.0 (short after failed breakout + rejection candle)
Stop Loss: 3342.0 (above the supply zone high)
Take Profit 1: 3327.1 (ORB low)
Take Profit 2: 3320.0 (prior demand zone)
Take Profit 3 (optional): 3315.0 (liquidity void fill)
Risk:Reward: ~1:1.3 to TP1, ~1:2.2 to TP2
Position Type: Short
Execution Time Frame: 5-min/15-min
Model Tags: Liquidity Sweep, NY Session Fade, Supply Rejection
🔍 Quant Notes:
Price action exhibited a false breakout — NY session opened with an expansion move above ORB high, which was immediately rejected.
Re-entry into the ORB range confirms buyer exhaustion and makes a move back to the ORB low highly probable.
Bearish bias is reinforced by multiple upper wicks, supply zone rejection, and failed structure reclaim.
Key Confirmation:
Bearish engulfing or strong close back below 3335
Failure to reclaim EMAs or trend line
Momentum shift on 5-min with volume divergence
Closing Thoughts:
A failed ORB breakout into supply during NY open is a classic trap — and today’s price action on GC1! fits the model. This short setup targets the full ORB range retrace with potential continuation if sellers hold control.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.