you can overall see that gold is now is a bearish trend so we are clearly looking for sells and areas of inducement and liquidity ..
so once price takes out my area of liquidity we get in on the next high close to it.
Having identified my the overall trend and my h4 range highs and lows
I can say price is anticipating to come down to take our orderblock that pushed price to take out the buy side liquidity as highlighted above so we no identify that as our valid ob and demand zone after that liquidity sweep .
price is overall in a bullish trend on the higher timeframes after breaking structure so am expecting to go long after that break once it gets to my h4 or h1 zone I scale down to my m15 to find confirmation entries.
The overall direction of the trend is clearly bearish as we can see, there has been a clear liquidity grab or stophunt on the downside taking out sell side traders.. After that market broke structure and started pushing towards the untested orderblock where our point of interest lies, so we go in short at the 50% of our untested orderblock on m15..
Thanks 🙏
Price is beginning form a clear bearish structure having restested my keylevels marked up so as ... Am expecting a retracement to the upside waiting for price to either break or test that key level giving me other candlestick pattern confirmation to go in for a sell...
