XAUUSD SD + OTE Long Trade (Smart Money Logic)This is my recent LONG trade on OANDA:XAUUSD on the 15 min chart.
When everyone was waiting to SHORT , I was waiting patiently in my LONG position.
Entry :
$3378 - Order Block + FVG + 0.5 Optimal Trade Entry level
Exit :
1st Target - $3400 (Standard Deviation Target 1 + 3400 psychological level)
2nd Target - $3418 (Standard Deviation Target 2)
NOTE: Smart Money DOES NOT HUNT stoplosses , they trigger their positions slightly below where they find maximum liquidity, because their positions are WAY TOO HUGE and need all the anti-orders (buy/sell stops) basically buy side or sell side liquidity so that they can fill in their orders. They are literally there to HELP YOU push the price up or down, you just need to place your stoplosses right! not too tight not too far off which may cause market structure shifts. SLs need to be absolutely perfect
Trade Explanation :
OANDA:XAUUSD should have used the 1D Bearish Order Block and we should have seen a fall or at least a decent enough retracement, but only 1 thing saved us, that is 15 min Bullish INDUCMENT and 1H BIAS . I never entered in a short trade!
I hope everyone saw these liquidity pools at the bottom and waited for them to get swept, but yeah, not always will liquidity be hunted right? Pools are areas with the most number of orders + stops. So aren't they supposed to be a good thing? :)
So, yes, DAILY bias is good, but again, LTF bias is also very necessary. Markets won't always respect the DAILY bias. Else, they would always be stuck in a sideways momentum right?
Think about it!
Also, do let me know in the comments what you feel about this trade and also share your analysis!
