Hi everyone, today I will be talking about a possible XAUUSD short trade using Smart Money Concepts.
Trade Idea
1) Price tapped into the HTF supply zone and respected
2) Price cleared liquidity above and instantly made a strong bearish push down
3) Plenty of imbalance and market inefficiencies present below for price to mitigate
4) A lower low formed
Things to look out for GOLD
- Demand zone below is still being respected, till then, price can continue bullish.
- A best case scenario is for the demand zone below to be invalidated.
Trade Idea
1) Price tapped into the HTF supply zone and respected
2) Price cleared liquidity above and instantly made a strong bearish push down
3) Plenty of imbalance and market inefficiencies present below for price to mitigate
4) A lower low formed
Things to look out for GOLD
- Demand zone below is still being respected, till then, price can continue bullish.
- A best case scenario is for the demand zone below to be invalidated.