image No way to hide Gold. Now, we got you.

Gold (XAU/USD) with BiteFX

image I'm still waiting with my limit order. And if the price decline starts, I am following it down there.

Gold (XAU/USD) with BiteFX

image Bearish CHOCH on H1. We need confirmation to continue the plunge. A decline in price.

Gold (XAU/USD) with BiteFX

image Possible Market Continuation Price. It is liquidity for institutional traders.

Gold (XAU/USD) with BiteFX

Happy week ending well.

Gold (XAU/USD) with BiteFX

3672 might be stubborn, I'm out for now. I will reenter on signal continuation or reversal

Gold (XAU/USD) with BiteFX

image Hold still.

Gold (XAU/USD) with BiteFX

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Gold (XAU/USD) with BiteFX

Cancel sell limit.

Gold (XAU/USD) with BiteFX

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Gold (XAU/USD) with BiteFX

image Activated

Gold (XAU/USD) with BiteFX

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Gold (XAU/USD) with BiteFX

image Market Continuation Price

Gold (XAU/USD) with BiteFX

Yes! Perfecto. But that is textbook illustration. I just gave you real candlestick illustration I learnt myself. One more thing, the candles sequence might be more than 3, but a sell candle must be in-between. I like your spirit bro.

Gold (XAU/USD) with BiteFX

To me, the 3 candle sequence is a BOS. And when BOS is broken it results into CHOCH.

Gold (XAU/USD) with BiteFX

Bearish CHOCH example... 3 candles arranged thus...buy, sell and buy, creating higher high. Then a sell candle closes below the first buy candle of that 3 candle sequence. You have a bearish CHOCH. Reverse for Bullish CHOCH.

Gold (XAU/USD) with BiteFX

image Keep holding.

Gold (XAU/USD) with BiteFX

image Ok. We hold until another Market Continuation Price or Market Exchange Price

Gold (XAU/USD) with BiteFX

When you toss a coin, how are you sure it will land head or tail first? Your edge has its own risk. You must settle that first. So that you don't receive the shocker of your life.

Gold (XAU/USD) with BiteFX