XAUUSD 15M & 1H| Short opportunity? (READ DESCRIPTION)
Pair of Name
XAUUSD
Time Frame : 15M & 1h
Direction : Short
Type : Trend line Break + Choch
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15 minutes As we can see here on the 15 minute chart. Price is starting to turn bearish Along with an inner trend break. We can expect price to go down to area 2325$ At least. This is also a rejection point for price. If we also take a look at the volume profile. The liquid is high in this area. ( volume poc line area 2327$ ) We are in expectations of price dropping to this point the 09 April or 10 April
15 minutes Trade Area's
1 hour time Looking at a higher time frame, such as the 1 hour time frame. We can see the price is currently in rejecting this area. A golden zone Consisting of the trend line and the fixed range poc line There's still chances that price can go up to the bearish rejection block. And continue downwards But we need to see a clear market structure shift. Before taking action on this trade. We can only see a clear market structure shift once the Poc line and the trend line has been broken. The poc line represents the market structure shift.
Volume profile. Looking at the volume profile, we can see a spike in the volume. At area 2340$ Meaning that this area is highly liquid. If we can break that along with the trend line, we can have a clear sign of a new down trend line.
Hope this helps you!
XAUUSD
Time Frame : 15M & 1h
Direction : Short
Type : Trend line Break + Choch
————————
15 minutes As we can see here on the 15 minute chart. Price is starting to turn bearish Along with an inner trend break. We can expect price to go down to area 2325$ At least. This is also a rejection point for price. If we also take a look at the volume profile. The liquid is high in this area. ( volume poc line area 2327$ ) We are in expectations of price dropping to this point the 09 April or 10 April
15 minutes Trade Area's
- 15M Bearish / Rejection Block area 2359$
- Fixed Range Poc line area 2354$
- inner Bullish Reversal area 2345$
1 hour time Looking at a higher time frame, such as the 1 hour time frame. We can see the price is currently in rejecting this area. A golden zone Consisting of the trend line and the fixed range poc line There's still chances that price can go up to the bearish rejection block. And continue downwards But we need to see a clear market structure shift. Before taking action on this trade. We can only see a clear market structure shift once the Poc line and the trend line has been broken. The poc line represents the market structure shift.
Volume profile. Looking at the volume profile, we can see a spike in the volume. At area 2340$ Meaning that this area is highly liquid. If we can break that along with the trend line, we can have a clear sign of a new down trend line.
Hope this helps you!
Trade active:
Entry Price at area 2342$
Comment:
Entry point for 1h trade at area 2336$
Trade active
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