Joined last night and caught this banger on Gold this morning!
Six moves. One setup.
Find the liquidity
A swing low: lower than the candle on its left and on its right. Buyers hide their stop losses right underneath it.
Watch the trap snap shut
A big red candle closes below the low with its full body. Breakout sellers jump in, and price snaps straight back up. They're trapped.
Mark the ChrisFX block
The last green candle before the drop, wicks included. That candle becomes the zone, stretched to the right.
Check the gap
The snap-back has to leave a fair value gap that touches or overlaps the zone. No gap, no trade.
Let price come to you
Buy limit at the top edge of the zone on the first return. Stop just below it. Target the next old high, at least 2R away.
Collect at the next pool
Price runs to the next old high, where the next batch of stops is waiting.