XAUUSD SHORT- ASIA SESSION - 1:7 RR
Hi again,
This setup is a follow up from the first trade I posted this morning (for me). Now that price has tapped into the M15 buyside target as well as the imbalance, I'm now anticipating a sell opportunity from above this high in-line with the HTF pre-dominant trend.
My entry is positioned at a STH on the LTF which is within the H1 -OB. I'm placing this position on the assumption that the first position will hit target therefore making this a risk-free trade - what we all love.
Side note: Price can be volatile during session crossovers. So as we go towards London open, if price is still sitting around our entry price, I usually anticipate a stop out and get pleasantly surprised if it doesn’t happen.
Always calculate your risk.
This setup is a follow up from the first trade I posted this morning (for me). Now that price has tapped into the M15 buyside target as well as the imbalance, I'm now anticipating a sell opportunity from above this high in-line with the HTF pre-dominant trend.
My entry is positioned at a STH on the LTF which is within the H1 -OB. I'm placing this position on the assumption that the first position will hit target therefore making this a risk-free trade - what we all love.
Side note: Price can be volatile during session crossovers. So as we go towards London open, if price is still sitting around our entry price, I usually anticipate a stop out and get pleasantly surprised if it doesn’t happen.
Always calculate your risk.
