🔍GOLD outlook for next week. Structure, supply, MTF🔍
📉 Text marks:
bos = break of structure (based on candle body close below/above previous structural impulse)
ph, pl = protected high or low (which holds current structural impulse)
liq target = liquidity target (institutional profit taking levels, main targets based on current price action)
rsz, rdz = refined supply and demand zones (specific areas to look for LTF confirmations)
IL = impulse leg
👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation.
👉I believe a trader doesn't need to predict anything, so the "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups.
Thank you for being here, I hope I'll be able to help you become better in trading.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, I'll be glad to talk to you💬
bos = break of structure (based on candle body close below/above previous structural impulse)
ph, pl = protected high or low (which holds current structural impulse)
liq target = liquidity target (institutional profit taking levels, main targets based on current price action)
rsz, rdz = refined supply and demand zones (specific areas to look for LTF confirmations)
IL = impulse leg
👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation.
👉I believe a trader doesn't need to predict anything, so the "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups.
Thank you for being here, I hope I'll be able to help you become better in trading.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, I'll be glad to talk to you💬
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