XAUUSD - Short Trade Idea

28 May

This trade is based on Gold's price trading into a Daily SIBI Unicorn setup. Whilst it isn't premium of the range, there was a CHoCH to the downside on the 4h timeframe, disrespecting a 4h BISI. I am looking to get into a short when price returns to this BISI to be used as an IFVG.

Target will be at the swing low, but leaving a runner would be ideal in an actual trade to target at least 2278, should the bias be correct in the first place.

Stoploss near the 4h swing high for the current trade, but should be trailed to secure profits should the current objective be hit.

#NFA

- R2F

5 Haz

İşlem kapandı: hedefe ulaştı

Price dug deeper into the Orderblock by using the 4h BISI to make one more external liquidity run. The next time price came back and displaced through the 4h BISI, that was when it was applicable for an iFVG.

Overall, beautiful stuff.