In this YouTube video, the speaker explains their analysis of the gold market and potential sell opportunities. They discuss the importance of waiting for confirmation and identifying key areas for entry and exit points. Smart money trading strategies are emphasized throughout.
In this episode of Foreign, the YouTuber shares their analysis of the gold market and how they found a profitable trade using smart money techniques. The video begins with a call for likes and subscriptions, and then the analyst shares their telegram page where they sent a prediction for a potential gold sell-off to their followers for free.
The analyst then provides a detailed explanation of their technical analysis, highlighting key structures and trends in the gold market. They point out a bearish trend in the market and suggest that traders should be looking for cell opportunities when they are confirmed by their trading plan.
The video then moves on to a discussion of trading strategies, with the analyst recommending either putting an entry order at the wake of the candle with a stop loss above it or watching the market and waiting for a smaller time frame to give a clear view of market structure before trading. The analyst emphasizes the importance of moving stop losses to break-even as fast as possible and taking profits as soon as they make sense.
The video concludes with a real-life example of how the analyst used their analysis and trading strategies to make a profitable trade in the gold market, earning over 220 pips in profit. They highlight the importance of waiting for market confirmation before trading and using smart money techniques to move stop losses and take profits. Overall, the video provides valuable insights into how traders can approach the gold market and make profitable trades using technical analysis and smart money techniques.