Disliked{quote} my guess why it is the buy set up. i am only guessing. we have BMS up on daily and hourly charts also on hourly charts buy orders were taken out {image}{image}Ignored
Disliked{quote} GOLD Setting up , have to wait for conformation set up. Tomorrow ?............ maybe.. {image}Ignored
Bearish view here - potential reversal pattern, old daily double top liquidity taken, 4h gap filled - had a nice impulsive reaction now retesting 30M/1H ob with 80% retracement.
Sellstops still untaken from 18 + 21 feb & theyre really close to eachother (weak Higher lows) if one is bullish I would like to see them taken out first - so can be easy first target for "bears" and potential entry for "bulls" if looking for "countinuation" of the (overextended?) trend.
Can also take out todays (21.02) high and then move down - gotta pay attention how it moves when/if it plans to take out todays high - big rejection or countinuation?
Also Largely event based - Russia/Ukraine. Pay attention to these news!
Also today (21.02) was US bank holiday (President's Day/Washington's Birthday) - I have some deep flashbacks from 2021 how the next day looked right after US bank holidays.. It was blood all over. Some sweat and tears too .. but mostly blood.
gold 30m
This is how the 3 swing daily can look by the end of tomorrow - right now anticipating the third candle.
Potential Risk Reward wise? Potential Runner wise? definietly Worth!
Outcome? Lets see what tomorrow brings us!
Good luck & good trading!
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