Analysis of XAUUSD in the M15 timeframe using the SMC method
4H is bullish => currently is pullback dow
M15 is bearish => currently pullback up
We sell down when we reach the order block
4H is bullish => currently is pullback dow
M15 is bearish => currently pullback up
We sell down when we reach the order block
Note
Today the price reached the first OB zoneNote
Price reacts downward on the first OB.Note
After rising to the OB zone, the price decreased and penetrated the strong i-swing bottom, creating a downtrendNote
After the price rises to sweep out the sell order and falls to break through the strong low i-swing bottom to confirm the internal bearish signal.Note
Prices increased again and took away all the liquidity.We look for selling opportunities when the price reaches the Orderblock zone
Note
Today the price has reached the i-swing strong zone. This is the area where we look for opportunities to sell downNote
The price overtook the strong i-swing and the price continued to rise.We only look for opportunities to sell down when the price forms the i-Swing Low Weak bottom
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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.