XAGUSD

1 813
Step-by-step entry plan for XAGUSD
1.We have our Daily Point of Interest (POI)
- On the daily a zone that contains:
* a fair value gap (FVG),
* a break of structure (BOS) that previously acted as resistance and is now expected to act as support, and
* support from the 44 SMA.
2.Wait for price to return to the Daily POI
- Only consider the setup if price actually comes back into that daily POI zone.
3.Switch to the 1-hour timeframe to refine the entry
- Look for a shift in structure on the 1-hour (i.e., evidence that momentum is shifting bullish: BOS to the upside, higher highs/higher lows).
4.Confirm a 1-hour fair value gap forms
- The structure shift on 1-hour should create a 1-hour FVG (a short intraday imbalance).
5.Wait for the 1-hour FVG to be filled
- Let price fill that 1-hour FVG (price moves into/through the gap).
6.Look for a bullish confirmation on the filled 1-hour FVG
- After the fill, require a clear bullish formation on 1-hour (examples: bullish engulfing candle, strong demand candle, a higher-low + rejection wick).
7.Enter on the 1-hour bullish confirmation
- Enter when price breaks the confirmation level (e.g., breaks above the local 1-hour high formed by the bullish setup) or on a confirmed bullish candle close per your entry rules.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.