XAUUSD TRADING ANALYSIS

Price got to my tp, removing the order, want to reassess the level for a fresh trade

Alright then.
The Sells are still valid on 15mins.
Entry: 4000
SL: 4012
TP:3975

Price is reacting at the level for the continuation sells.
Entry: 4000
SL: 4012
Target: 3975

The circle level is my new poi

But also trade with care because are approaching the 4hrs demand

Good impulse

Yeah it's best to delete the order

I will rather sell from the order block above

Price is still reacting at the circle level

Yeah it's my best trading strategy even long term, I am trying to build it around monthly and weekly liquidity once done I will be swinging for months but I noticed that fundamentals play real vital roles in that one the monthly and liquidity buildup that am putting together

And where will you put your SL? Price will come back take it out

Analysing afresh again

How is this trade going?

Price has formed a 5mins trend resistance, with triple touches. This supports the bearish bias. invalidation of the trend resistance, fails the setup.

Follow me closely, price has taken out the high I was watching but the momentum was high, so I will wait to see if the present 15min candle will close bearish engulfing the one that took the high that I marked out

I only have one confirmation, which is the last bullish candle that took out that previous candle to be engulf by the present one then I continue lower, but if the present candle reject I will wait and do nothing

Price gave us the confirmation the bearish engulfing, placed my limit order waiting for price to trigger, 1:5RR

There was a fakeout on the trendline resistance, but price is back to trading below the channel.
Watch out if it will continue below 3988. Then it will likely drop down to 3974.

But have you noticed anything?

Price didn't trigger me in, but has displaced lower , that's how to trade expansion but sometimes you get triggered and sometimes you won't, price already at tp removing the order