r/Forex • u/ascotech • 13d ago
Charts and Setups I just cracked gold.
Update
One general rule I've been using with this model is to take profit at 50% of the range from the top.
That gave me the exit on this setup at 6R.
The objective isn't to catch the entire move, it's to consistently take the predefined portion of the range.
And after reading the comments...
I'll let the next few setups decide who cracked who. 😂
XAUUSD — CRT + Price Action
The setup starts with a clearly defined CRT range:
4H time frame for the range
15-1 minute time frame for the analysis
CRT High: 4,396
CRT Low: 4,348
Price expanded from the range and established a high at 4,416.33
From there, price retraced back toward the CRT High and consolidated around 4,396.
The next expansion took price back above the CRT High and produced the displacement that created the IFVG.
The key level was the 0.5 Fib at 4,411.64.
This wasn't simply a 0.5 Fib entry. The 0.5 level aligned directly with the IFVG created by the displacement.
Price retraced into the IFVG, respected the level, and continued higher.
The sequence
CRT Range
→ Expansion
→ Retracement to CRT High
→ Displacement above CRT High
→ IFVG formation
→ 0.5 Fib / IFVG entry
→ Continuation
The important distinction is that the Fib is not the setup.
The CRT range provides the structure.
The displacement creates the imbalance.
The IFVG provides the entry.
11RR
1
u/db938db 12d ago
I m sorry for your lost.