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SESSION OVERVIEW
Today’s London session for Gold saw a probe of the Value Area with C TPO breaking Initial Balance Range Low before closing within coinciding with M15 Bullish Engulfing and consequet push higher rotating through IBR. Price eventually formed a Neutral Day through G TPO extending IBR. This was followed by a consolidation above Value Area High before a final push higher during the overlap with NY.
PUBLIC TAKEAWAY
Location location location. An acceptance of value trading right into H4 QLo isn’t the higher probability trade, a reversal from said level is.
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