Gold Trade Recap: Order Block, Break of Structure & FVG Entry
In this trade, we observed gold struggling to create higher highs at a key order block. The price demonstrated a change of character by breaking structure and making a lower low, signaling a potential shift in trend.
Trade Setup and Execution
We patiently waited for a retracement and noted strong rejection at the Fair Value Gap (FVG) zone. This entry offered high confluence, as it aligned with our strategy. Target profit was set at the 4-hour resting liquidity level, providing a clean 6.5R trade with zero drawdown—a highly efficient setup.
note: trade was entered only once i had 15,5,3 min time frame confirmation
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