Trading idea for gold
Depending on buyer pressure, one of the two order blocks will likely to be mitigated this week.
Order block principles:
1) OB must take liquidity or have liquidity to take below
2) OB breaks something significant
3) OB is relevant to current price action
4) OB caused imbalance (made a fair value gap)
5) OB has a liquidity pool to target
Take care!
Peter
Depending on buyer pressure, one of the two order blocks will likely to be mitigated this week.
Order block principles:
1) OB must take liquidity or have liquidity to take below
2) OB breaks something significant
3) OB is relevant to current price action
4) OB caused imbalance (made a fair value gap)
5) OB has a liquidity pool to target
Take care!
Peter
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