21/07/21 XAUUSD ANALYSIS AND TRADE IDEAS

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- As a scalper, I am looking to be in and out of the markets within 2mins - 60 mins. Being able to be objective and logical when looking at the markets you need to be prepared to adapt at all times not all trade ideas will work out exactly - I might be expecting sells below a certain level but if I start to notice sellers exhaustion on LTF, flat bottom body closures, double / triple bottom, price creating new highs, 1m / 5m candle body closures above OB or AOI we can potentially shift our analysis to buys. All depending on price action / market conditions.

Trade Ideas;
Buy Setups
1. Buys at 1803kl
2. Buys at 1795KL

Sell Setups
1. Sells below 1803KL
2. Medium Risk sells below 1795kl
3. Rejection sells at 1812.500

I need a number of confirmations aligned before executing a trade such as LTF confirmations, shift in structure / respecting previous lower high or higher low, signs of buyers or sellers exhaustion, and I need to see either Dollar weakness or strength.

Penafian

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