XAUUSD - Short Trade Idea

This trade idea is based on buyside liquidity being induced in the form of equal highs, before a retracement into my signature R2F gap on the weekly timeframe. Regardless of what happens when price gets there, this trade is relying on the scenario of it trading down into it before moving higher.

My current POIs are the two 12h iFVGS. Price either only trades into the lower one or reaches into the higher one. I will leave that to your own study and PD Arrays, structure, and candles printing on the lower timeframe to determine that. However, it is important to also consider time of day and upcoming economic news events as well.

Stoploss above the equal highs above if not using a lower timeframe analysis. If they get run, then I will have to reconsider this trade idea.

Target 1 is the 12h candle low.
Target 2 is the equal lows into the 1W R2F gap.

Good luck

- R2F