GOLD (XAU/USD): I bought it a couple of hours ago...
Hey guys,
Thought I'd share the trade I took this afternoon (EU time) on Gold.
I was waiting for the price to get in my potential bounce zone (Demand Zone).
Once the price entered this zone, I wanted to see a kind of breakout according to the pattern I could see.
I simply drew a trendline and waited for a breakout.
This occurred at 3.30 PM with a nice engulfing bullish candle, as shown in my chart, which by the way also broke the VWAP.
I entered a long position at the next candle and I am currently targeting the next imbalance zone @ around 1872.50 - 1872.80 area. This area, according to the volume profile, is a high volume node (HVN) and should attract the price pretty fast.
We could see some rejection from there so I will not target a higher price.
That's it, guys!
If you like my ideas, please show some ❤ with a comment or a like!
You can also check my previous ideas just below
Jesse
Thought I'd share the trade I took this afternoon (EU time) on Gold.
I was waiting for the price to get in my potential bounce zone (Demand Zone).
Once the price entered this zone, I wanted to see a kind of breakout according to the pattern I could see.
I simply drew a trendline and waited for a breakout.
This occurred at 3.30 PM with a nice engulfing bullish candle, as shown in my chart, which by the way also broke the VWAP.
I entered a long position at the next candle and I am currently targeting the next imbalance zone @ around 1872.50 - 1872.80 area. This area, according to the volume profile, is a high volume node (HVN) and should attract the price pretty fast.
We could see some rejection from there so I will not target a higher price.
That's it, guys!
If you like my ideas, please show some ❤ with a comment or a like!
You can also check my previous ideas just below
Jesse
Commento:
still in this trade
