quangcttn

Analyze XAUUSD in the M15 timeframe using the SMC method

quangcttn Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Analysis of XAUUSD in the M15 timeframe using the SMC method
4H is bullish => currently is pullback dow
M15 is bearish => currently pullback up
We sell down when we reach the order block
Comment:
Today the price reached the first OB zone
Comment:
Price reacts downward on the first OB.
Comment:
After rising to the OB zone, the price decreased and penetrated the strong i-swing bottom, creating a downtrend
Comment:
After the price rises to sweep out the sell order and falls to break through the strong low i-swing bottom to confirm the internal bearish signal.
Comment:
Prices increased again and took away all the liquidity.
We look for selling opportunities when the price reaches the Orderblock zone
Comment:
Today the price has reached the i-swing strong zone. This is the area where we look for opportunities to sell down
Comment:
The price overtook the strong i-swing and the price continued to rise.
We only look for opportunities to sell down when the price forms the i-Swing Low Weak bottom

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