PREPARING FOR NEXT SHORT OPPORTUNITY
XAU/USD 1H - I am looking to get involved in this market with short positions from the area of interest I have marked out above, this is an area of interest for me as its highlighted as a clear hidden order block.
In this area is Supply, Sell orders waiting to be activated in the market, there is also buy orders there that have been left behind as a guide to sell off from later down the line, this Demand will be removed once price reaches that area.
This causes price to ultimately flip and reverse to the downside, giving us the opportunity to get involved in this market in short positions and profiting from the down move that will be printed.
its important that we obviously wait for the right confirmation in order to enter short in this market, this will come from a penetration and rejection to the downside, if we wanted to wait for additional confluence we could wait for a fractal BOS.
In this area is Supply, Sell orders waiting to be activated in the market, there is also buy orders there that have been left behind as a guide to sell off from later down the line, this Demand will be removed once price reaches that area.
This causes price to ultimately flip and reverse to the downside, giving us the opportunity to get involved in this market in short positions and profiting from the down move that will be printed.
its important that we obviously wait for the right confirmation in order to enter short in this market, this will come from a penetration and rejection to the downside, if we wanted to wait for additional confluence we could wait for a fractal BOS.
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