As you can see from above I am shorting XAU/USD from the zone I have highlighted above. I have found an unmitigated zone in the market on the 1H timeframe which is holding Supply.
This zone will be holding enough supply to flip the Supply & Demand balance, this will set create and start the next bearish impulsive wave lower.
My SL is set above the the zone and can be refined to be set just above the structural high created. My TP has been set just above the previous structural low, this allows our TP to be more achievable.
This zone will be holding enough supply to flip the Supply & Demand balance, this will set create and start the next bearish impulsive wave lower.
My SL is set above the the zone and can be refined to be set just above the structural high created. My TP has been set just above the previous structural low, this allows our TP to be more achievable.