Gucci001

Gucci001 Updated 

Playing the bearish market structure and the order block formed from 153.800 to 153 during the London session yesterday. Looking for closers below 153.800 to enter into sell position. If 153.800 has multiple closures above this area then the trade idea is made invalid.

Gucci001

With the bullish market structure and sentiment still in play in gold I expect a pullback to 1832 or 1828 before visiting previous highs and possibly beyond. Taking into account the increasing talk of rate hikes and smart money pulling out of equity markets with usd dollar strength. That's why I have a bullish bias but am mostly neutral. Bullish above 1812.500 key level

Gucci001

-Multiple closes above 1822 resistance level before looking for entry -Second time back to 1828 to drop off accumulated buy orders -Take profit at 1828

Gucci001 Updated 

FTR & FTB Strategy -The buyers who were trapped are exiting positions from previous session highs -Creating more selling pressure and sellers adding onto their positions -Take profit at 1820 key level