Gold (XAU/USD) with BiteFX

Sell pressure still strong for now,..

at last found a thread that have similar approach

First low entry is safe.
Now, if the bulls are strong enough to sustain this move, then do the following,
Find liquidity above 21 Smoothed MA on M1, then wait for one Bearish candle to close below the liquidity price and at the close of the next bullish candle, you buy.
Simple as ABC, 123. SL at the low price of the bullish candle that closed above the liquidity price

Bullish movement established, we focus on Long entries only.

Let's go higher.
We are currently trading above previous D1 close price.

Risky additional Long

Sell side liquidity failed. Bull power too much.
Now we look to add Long below 50% of this move. Around buy side liquidity.

I couldn't add another Long.
Price action didn't satisfy my entry rule. Or has not yet.
So, I wait.

Let's try one more long here.

Long time |

Good to see you back on the charts

Crazy bears at around H1 imbalance hit my SL

Thanks buddy

I go again. Bears are stepping in, but D1 is still bullish

We are close to sell side liquidity. But D1 is still bullish.
Holding Longs.

Levels I will buy from if price drops.
Waiting and still holding Longs

Only 3 positions are alive in all the back and forth today.
Whew!

Another Long... Let's see what's up

Use this parameters for ZIGZAG on MT5.
Find 50% of a longer wave in either 123 or ABC wave, then trade the liquidity price above or below the 50%.

Long entry looks like it's surviving...
Plot 50% of the bearish move. Red box is the sell side liquidity.
But, I am not shorting. I am bullish today.

Ooooooooooohps
Former support turned resistance.