XAU/USD 15M - As you can see I am looking to take this market lower, this is another market that has been responsive to areas of supply and has gone on to set new lows in the market.
I am looking to take this market lower and I have gone ahead and marked out an area of Supply I feel price will be responsive to, we just need to see price trade up and into this.
Once we see price trade up, with us being on the lower timeframes we want to see a fractal break or good signs of rejection and a new bearish run, this can be confirmed by confirmation candles.
I have set my alerts an will wait for price to trade in, its important we sit on our hands and wait patiently for price to play into our hands, this eliminates pre-emptive trades and as a result emotional decision making.
I am looking to take this market lower and I have gone ahead and marked out an area of Supply I feel price will be responsive to, we just need to see price trade up and into this.
Once we see price trade up, with us being on the lower timeframes we want to see a fractal break or good signs of rejection and a new bearish run, this can be confirmed by confirmation candles.
I have set my alerts an will wait for price to trade in, its important we sit on our hands and wait patiently for price to play into our hands, this eliminates pre-emptive trades and as a result emotional decision making.