I trust you guys are okay and read our blog where I spoke about the origin levels as well, with the structure changes. If XAU/USD establishes new session highs or rallies in the aftermath of news, I stressed many times that this meant an uptrend was likely. So, XAU/USD gave two trade entries for us today.
The first arrow on the above image is from a high-volume candle where market shifted its sentiment showing that it can carry out higher prices. The other set up here is me identifying an order block and spotted another high-volume candle screaming strong bullish movement.
As for BTC/USD, we are awaiting the key levels. Liquidity has been sought after in the market; however my current BTC/USD trade is now off. It does not mean you cannot trade, but be mindful to enter when BTC/USD hits its primary areas.
Remember to only enter after the formation meets entry criteria, and that you manage your risk accordingly. If you are able to get an idea of the market structure, high volume candles, order blocks and momentum shifts which then makes your trading decisions easy deciding on how much potential risk or profit can be made. Keep checking our analysis and mapping what strategies to adopt market wide, stay one step ahead in the markets.
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