My M5 analysis, entries and the reasoning behind them
TRADE JOURNAL | GOLDmicro | M5
Gold gave two very different stories on 13 October. Early in the session, price recovered strongly after pushing into the lows, but later the structure changed and sellers took over. My main idea was not to guess the full day direction from the first move. I watched reaction at my marked levels, then adjusted when evidence was changing.
The early recovery and my long idea
The market first spent time moving inside a choppy range around 4160 to 4173. Then price pushed down into the 4152 area and snapped back with strong upward candles. I read that rejection as a sign sellers wasnt holding control at the lows.
When price broke the nearby structure around 4171 to 4174, I marked a bullish CHoCH and considered a long entry. The reason was the sequence: sweep into the lows, quick reclaim, then bullish displacement through local structure. I was looking for price to reach liquidity and resistance above, especially around 4195.
The long idea worked for that leg. Gold continue higher and reached above the marked 4195 level, with the chart showing a high near 4198.9. But I did not take this as proof the market must stay bullish for the whole session.
The structure changed near the highs
After the rally, price became less clean. It started making lower highs under the descending trendline, and candles was overlapping around the marked supply areas near 4180 to 4190. That told me upside momentum was slowing down.
The important change for me was break below rising support and then the failure to reclaim it with strength. A trendline break alone can be a fake move, so I waited for price to come back toward the 4171.44 area instead of selling the first red candle.
At the retest, buyers couldnt pushed price back above the zone and hold there. The rejection gave me a clearer reason to look for a short continuation.
Why I marked the short entry
My short idea was around retest of 4171.44 after the trendline break. The setup made sense to me because price had shifted from higher highs into lower highs, broken support, then returned to test the breakdown area from below.
I wanted to see rejection at the level, not just touch it. The bearish candles after the retest showed sellers was stepping in again, so my plan was to follow the downward move toward the next marked support at 4157.80.
Price later reached that support area, with the quote on the chart around 4157.52 bid and 4158.06 ask. This was target zone I had in mind. The screenshot does not show my exact fill, stop-loss, or position size, so I am recording the setup and reasoning rather than claiming exact execution numbers.
What I learned from this session
The biggest lesson was that one good bullish move does not control the whole day. The early long had structure behind it, but after price failed to continue making clean highs, I needed update my view instead of defending the first bias.
I also learned to be more patient at a break. If I sold immediately into first drop, I might be selling after move was already stretched. Waiting for retest around 4171.44 gave me a level to judge: hold below and reject for continuation, or reclaim and invalidate the short idea.
This is how I read the session: first a possible long after the low sweep and CHoCH, then a short after the trendline break and failed retest. The levels helped me plan, but they are not certainty. Next time I will keep noting the exact entry, stop and reason in my journal, because the chart alone didnt show all of my execution details.
Note: This post describes my interpretation of the chart shown, not a guaranteed forecast or a recommendation to copy the trade. The marked screenshot ends during the 13 October session; later price action is not included.
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