XAU/USD 15M - What a lovely sight to wake up to in the morning, as you can see price traded up and into the Supply Zone I gave to you all just last night and price has played out perfectly. Delivering us with a new bearish leg.
I wanted to see price trade us up and into the supply Zone before giving us this move to the downside, I now expect price to trade us down and into the large Demand Zone I have marked out below before any real large move back bullish.
This trade is running + 150 pips. (+ 6%) 6RR
Whilst predicting this correction into the Supply Zone we are able to predict the bearish leg as we have and with that information we are able to get a good scope on where price could trade down to before trailing us back up creating some new highs.
A big well done to those of you who jumped on on this market, I know a few of you managed to get involved whether it was a pending order or waking up early for this one, before sure to take partials and apply safety measures with your position, if you have any questions just drop them below and I will get back to you as soon as possible!
I wanted to see price trade us up and into the supply Zone before giving us this move to the downside, I now expect price to trade us down and into the large Demand Zone I have marked out below before any real large move back bullish.
This trade is running + 150 pips. (+ 6%) 6RR
Whilst predicting this correction into the Supply Zone we are able to predict the bearish leg as we have and with that information we are able to get a good scope on where price could trade down to before trailing us back up creating some new highs.
A big well done to those of you who jumped on on this market, I know a few of you managed to get involved whether it was a pending order or waking up early for this one, before sure to take partials and apply safety measures with your position, if you have any questions just drop them below and I will get back to you as soon as possible!
