on daily time frame market is bullish but there is no order block for going market higher high so wait until market sweep the low and create single order block then go to buy for long term.
our analysis is accurate and now after taken inducement market fall down and create break of structure now wait for inducement and order block for perfect setup for sell
market analysis today strong bearish trend avoid for buy setup and find sell setup
again break of structure in xauusd now wait for taken out inducement and then wait for tap an order block or sweep any high.
market trap major high and we get +140 pips.
NOW WHAT TO DO?
1.wait for order block then wait for CHoCH and sell setup
2.or use break of structure for downtrend
in this chart market can respect 1st one because its under the IDM and if 1st breaks then it can to till 2nd and give some reaction there but i think that it will go to 3rd and 4th because it makes its daily new high
post on 15 May
As i post chart analysis of xauusd on day time frame that market must be come down to take inducement then it goes up
and the result is market comes down and my analysis is correct.
link given below go and check
In daily chart EURUSD formed the bearish candle with strong selling Volume candle.
In 4hr Time frame it has formed Falling Wedge Pattern and make breakdown for downside.
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Risk and reward In this trade will be 6:91
Entry At : 1.09761
Sl will be :...
market is fully bullish and it makes higher high .
now it it make new break of structure(BOS) and now wait for taken out IDM and tap on order block(OB)
TELGRM - @akforextrade
