🟢 XAUUSD · M15 — “Retest the Launchpad (Post-Spike LPS)”
🔎 Global Context - Trend: D1 uptrend; price well above EMA200 (white) → structural bullish bias. - Event: M15 breakout spike with volume (Wyckoff SOS). We now expect the LPS/backup into the breakout block. 🔍 Confluence Map - Wyckoff: SOS → buy the LPS back into the last bearish candle before the impulse. - Smart Money: Demand zone overlaps 3,353–3,359. - Fib of 3332→3378: 50% ≈ 3355, 38.2% ≈ 3360 (inside entry box). - Dynamics: EMA200 ≈ 3,353 “catch-up” + Donchian trend flipping support; watch 8/21 EMA (orange/blue) bullish hold on the dip. skool for more] 📈 Trade Parameters - Entry: 3,353 – 3,359 (first touch or rejection wick). - Stop-Loss: 3,332 (beneath M15 base & liquidity shelf). Take Profit Targets: - TP1: 3,378 (spike high) — scale partial; move SL→BE after close above. - TP2: 3,392 (1.27 ext./momentum). - TP3: 3,416 (measured move; primary take-profit). - (Stretch 3R marker ≈ 3,428 if momentum accelerates.) Risk/Reward (mid 3,356): - Risk = 24 to 3,332. - TP2 = +36 → 1:1.5; TP3 = +60 → 1:2.5 ✅. ✅ Execution Checklist - ⏳ Wait for price to retest 3,353–3,359. - 🧭 Candle signal: bullish rejection/engulfing closing above EMA200. - 🔁 8 EMA > 21 EMA and holding on the pullback. - 📊 Breakout volume not collapsing (no heavy sell-delta at the level). - 🚫 Do not chase if the retest fails; no long on a clean M15 close below 3,332. 🧯 Management & Contingencies - Risk per trade: 0.5–1.0%. - After TP1, SL→BE; after TP2, trail beneath the 8 EMA or last M5 HL. - Shallow retest scenario (3,360–3,363): keep invalidation at 3,332; - conservative alt.: wait for a higher low (~3,346–3,350), then re-define size so final RRR ≥ 1:2.5 to 3,416. Trade Confidence: ⭐⭐⭐⭐ (High-probability if the retest holds above EMA200 + 8/21 confirmation) ⚠️ Trading involves risk. Always manage exposure and trade responsibly. 💬 What do you think of this setup? Drop your analysis below! 👇