Today, the trade worked out awesome. But very explicitly stated that at this point, if BTC/USD and XAU/USD were both in the process of making higher lows on their New York sessions tonight; then there would be a trading opportunity for both so. XAU/USD went to the liquidity at 2417 (as we expected) and then just took off. This one too, from this level we had a breaker block which was skimmed and the liquidity hit with FVG so there ignited another momentum flip backward to our take profit at 2429.
Even though I was expecting XAU/USD to hit 2040 level before NY session starts, but it did not go according to my plan. Remember, if the daily candle makes higher high in New York session it will mostly continue that direction.
Today's trade served as the proof in the pudding of our plan, which includes keeping a close eye on Liquidity, Breaker Blocks and also FVG, Momentum Shifts. We look at these key levels, and signals to determine the best possible points of entry/exit for our trades.
Trade entry as seen here The market hit the liquidity under the London Fair Value Gap (FVG) and reversed. The take profit (TP) target highlighted in the image above has been reached by BTC/USD. The price has reached the order block and bounced back to make a profit of 15 points. Now this trade is the example of how our approach works. We had the key levels, watched it shift momentum and hit that trade to a tee.
This was tested in the market, as proposed liquidity by indicating FVG created during London session. After that liquidity was taken and tapped, the price reversed - just like we thought it would. The order block managed to keep the price up, giving it a sufficient lift and we reached our TP target. The idea is to show you the significance of slow and exact trading. The trade was successfully completed, thanks god. This will be covered in more depth and we plan on making other trades public our next blog.
0 Comments