BodiesXWix

$XAUUSD to Pullback - 1896 to Buy and Clear Equal Highs

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BodiesXWix Обновлено   
OANDA:XAUUSD   Золото / Доллар США
Don't you hate it when you set a sell limit at a high that's close to equal to another one? Well that's because there's liquidity there and the banks want to take you money so it will run through your sell limit. That's why I'm waiting for the pull back to the unmitigated order block in the 15 minute time frame chart, which happens to be sitting around the 61.8% (62%) Fib level near the 1896 level, before it propels price above the near equal highs, around 1912, as my first target. The second target would be the next high after that. Today is a volatile day and I see the metals market as the place to catch the action. Let's see what happens.
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It broke the highs before the pullback. I wouldn't risk this now.

You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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