The previous day’s up-close candle didn’t reflect strong bullish conviction. Although price opened higher than the previous candle’s close, it closed only slightly above — completing the three-candle formation required to establish a Fair Value Gap (FVG).
As expected, buy-side liquidity above the previous day’s high has been raided. Price is now pushing towards the consequent encroachment of the FVG. How the market reacts at this level will be key in determining the next directional move.
While I maintain a bearish bias, I expect the market to trade higher into a bearish order block, providing a potential opportunity to enter short. If price does not react from the current FVG, it could continue higher to sweep liquidity resting above the swing high at 2357.82, which sits just below another unfilled FVG.
Entry Strategy
I will look to enter short only after a clear displacement, signalling a change in state of delivery, either:
If no such confirmation presents itself, I will remain on the sidelines and wait for a more favourable setup.
Thanks for your support!
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Disclaimer:
This content is for educational and informational purposes only and does not constitute financial or investment advice. All trading involves risk. You are solely responsible for your own decisions, so always conduct proper research and due diligence before taking any trades.
Past performance is not indicative of future results. Trade responsibly.
As expected, buy-side liquidity above the previous day’s high has been raided. Price is now pushing towards the consequent encroachment of the FVG. How the market reacts at this level will be key in determining the next directional move.
While I maintain a bearish bias, I expect the market to trade higher into a bearish order block, providing a potential opportunity to enter short. If price does not react from the current FVG, it could continue higher to sweep liquidity resting above the swing high at 2357.82, which sits just below another unfilled FVG.
Entry Strategy
I will look to enter short only after a clear displacement, signalling a change in state of delivery, either:
If no such confirmation presents itself, I will remain on the sidelines and wait for a more favourable setup.
Thanks for your support!
If you found this idea helpful or insightful, please drop a like 👍 and leave a comment — I’d love to hear your thoughts! 🚀
Follow me for more daily price action insights and trading strategies on XAUUSD and other key markets.
Let’s grow and trade smarter together! 📈
Disclaimer:
This content is for educational and informational purposes only and does not constitute financial or investment advice. All trading involves risk. You are solely responsible for your own decisions, so always conduct proper research and due diligence before taking any trades.
Past performance is not indicative of future results. Trade responsibly.
交易結束：目標達成
I hope we have a good trade? I certainly did. Cheers!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。