The hope of this idea presents a bullish setup on Gold (XAU/USD) based on a breakout–retest structure with multi-session volatility for price action.
Strong recovery above the intraday consolidation zone near 3180-3183 breaks the sharp liquidity sweep beneath 3171. This aggressive recovery may suggest a fakeout and reversal whipsaw: a smart money signature.
🔹 Technical Rationale:
Entry Zone (3181-3183): Aligned with supply candles' base as well as minor demand zone order.
SL (3180): Structural support and bullish engulfing low just beneath.
TP1 (3187): Prior minor high.
TP2 (3190): Consolidation rejection zone around psychological approximate value.
TP3 (3192): High-value liquidity cluster and potential sweep zone above high.
The market has printed higher lows after the fakeout suggesting bullish continuation bias resulting the structure holding until 3180. With favorable R:R ratio and flexible structure, everything stays intact.
⚠️ Risk Note:
Confirmation based trend continuation idea. Strong volume sustaining move below 3180 invalidates the idea.
📈 The structure and set levels provide clean bounds to wait for market dynamics.
Strong recovery above the intraday consolidation zone near 3180-3183 breaks the sharp liquidity sweep beneath 3171. This aggressive recovery may suggest a fakeout and reversal whipsaw: a smart money signature.
🔹 Technical Rationale:
Entry Zone (3181-3183): Aligned with supply candles' base as well as minor demand zone order.
SL (3180): Structural support and bullish engulfing low just beneath.
TP1 (3187): Prior minor high.
TP2 (3190): Consolidation rejection zone around psychological approximate value.
TP3 (3192): High-value liquidity cluster and potential sweep zone above high.
The market has printed higher lows after the fakeout suggesting bullish continuation bias resulting the structure holding until 3180. With favorable R:R ratio and flexible structure, everything stays intact.
⚠️ Risk Note:
Confirmation based trend continuation idea. Strong volume sustaining move below 3180 invalidates the idea.
📈 The structure and set levels provide clean bounds to wait for market dynamics.
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Unlock your winning setups Grab them FREE and level up your trades! 🔥 No strings attached, just pure profit potential! t.me/+MHVk0E7vVpxiOTc8
Penerbitan berkaitan
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.