XAUUSD long on a weekly chart
1. On a weekly timeframe we see bullish break of structure - BoS, so now we can look for long position;
2. Price has made lower low by toutching bullish order block, but this lows are equal so I see it as a liquidity zone - LQD;
3. With high probability price will take liquidity and by reaching 50% of order block wick we can look for buys but of course with lower timeframe conformation.
4. I also expect to see second bullish BoS, to make people think that we are 100% bullish and when price will get closer to liquidity zone (I'm sure it will) a lot of traders will start buying. And here where fun will begin. So be careful and patient.
Good luck;)
2. Price has made lower low by toutching bullish order block, but this lows are equal so I see it as a liquidity zone - LQD;
3. With high probability price will take liquidity and by reaching 50% of order block wick we can look for buys but of course with lower timeframe conformation.
4. I also expect to see second bullish BoS, to make people think that we are 100% bullish and when price will get closer to liquidity zone (I'm sure it will) a lot of traders will start buying. And here where fun will begin. So be careful and patient.
Good luck;)
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