xauusd Bullish rejection
Analysis:
Zero Lag Trend & Fibonacci Strategy:
The trend must be aligned with the Zero Lag Trend Indicator as described in the script, which shows bearish momentum on 5 and 15-minute timeframes and bullish on higher timeframes like 60 minutes and 4 hours.
Fibonacci retracement levels (e.g., 0.5, 0.618) must guide entries or pullback setups.
Liquidity and FU Candles:
Liquidity zones are critical. The large wicks above previous swing highs are potential liquidity grabs, a sign of institutional moves.
Look for FU candles where price spikes and then reverses sharply, indicating manipulation and institutional positioning.
Imbalances:
Unfilled imbalances (areas where price moved strongly in one direction without retests) are likely to act as magnets for price action.
Trade Setup:
Entry Zone:
Look for an entry near 2623-2624 (highlighted yellow zone on the chart).
This area is supported by previous demand and coincides with the Fibonacci retracement levels (likely around 0.618).
Stop Loss (SL):
Place the SL below 2616 - 2620, which is the most recent low and below the potential liquidity grab.
Take Profit (TP):
TP1: 2633, aligning with the high of the recent bearish imbalance area.
TP2: 2637, the next key Fibonacci level and near a potential liquidity cluster.
Risk-Reward:
Aim for a 1:3 or higher risk-to-reward ratio, consistent with institutional trading principles.
Zero Lag Trend & Fibonacci Strategy:
The trend must be aligned with the Zero Lag Trend Indicator as described in the script, which shows bearish momentum on 5 and 15-minute timeframes and bullish on higher timeframes like 60 minutes and 4 hours.
Fibonacci retracement levels (e.g., 0.5, 0.618) must guide entries or pullback setups.
Liquidity and FU Candles:
Liquidity zones are critical. The large wicks above previous swing highs are potential liquidity grabs, a sign of institutional moves.
Look for FU candles where price spikes and then reverses sharply, indicating manipulation and institutional positioning.
Imbalances:
Unfilled imbalances (areas where price moved strongly in one direction without retests) are likely to act as magnets for price action.
Trade Setup:
Entry Zone:
Look for an entry near 2623-2624 (highlighted yellow zone on the chart).
This area is supported by previous demand and coincides with the Fibonacci retracement levels (likely around 0.618).
Stop Loss (SL):
Place the SL below 2616 - 2620, which is the most recent low and below the potential liquidity grab.
Take Profit (TP):
TP1: 2633, aligning with the high of the recent bearish imbalance area.
TP2: 2637, the next key Fibonacci level and near a potential liquidity cluster.
Risk-Reward:
Aim for a 1:3 or higher risk-to-reward ratio, consistent with institutional trading principles.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.