XAU/USD 4H - As you can see price has approached an Order Block on the 4H timeframes, I want to see price trade into this Order Block, for price to fill orders and offload buys, this should help flip the S&D balance.
As you guys may know I am expecting and wanting to see price trade us bearish longer term, this could be the area in price we see this happen from. As always we must wait for the right confirmation before we look to take this market lower but that is my current thought process.
We are seeing price begin to distribute which helps build a bias for a potential reversal we just want to see a break in some structural lows that have been set within the bullish move that has traded price up and into the Supply Zone.
If we are delivered with structural breaks this is when we an begin to go down on the timeframes and look for areas to enter, once structure breaks I want to see price correct itself, set a Lower High and this is where I can look to enter from.
As you guys may know I am expecting and wanting to see price trade us bearish longer term, this could be the area in price we see this happen from. As always we must wait for the right confirmation before we look to take this market lower but that is my current thought process.
We are seeing price begin to distribute which helps build a bias for a potential reversal we just want to see a break in some structural lows that have been set within the bullish move that has traded price up and into the Supply Zone.
If we are delivered with structural breaks this is when we an begin to go down on the timeframes and look for areas to enter, once structure breaks I want to see price correct itself, set a Lower High and this is where I can look to enter from.
