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Monday, January 15, 2024

XAUUSD Market Structure Update

XAUUSD Market Structure Update

Gold OANDA:XAUUSD

$OANDA: XAUUSD xauusd's market structure is available for study in H4 and M15 timeframes.

LQ sweeping = the sense that all liquidity is taken away
Upthrust = structure upper level is a false breakout,
Spring = structure lower level is a false breakout,

Therefore, waiting for upthrust and spring in the market structure extremes and entering entry is a more calculated approach. The risk and reward ratio is also high.



source https://www.tradingview.com/chart/XAUUSD/O9OQGR0M-XAUUSD-Market-Structure-Update/

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