I explained today the condition of a short on Gold
XAUUSD
following a Buy Side Liquidity sweep. A strong resistance on a supply zone, a breakout followed by a sharp displacement to the downside.
I knew since the beginning that the Institutional Order Flow was Bullish so why a Short ??
In fact I was expecting that slope to be a liquidity trap to get more volume on the Buy side and the triple bottom just gave me the confirmation of a new Sell Side Liquidity Sweep.
The Sell Side liquidity didn't make any breakout below the 1970 bottom because there's no additional liquidity to be acquired below that level.
Target @ 2016 level ...
XAUUSD
following a Buy Side Liquidity sweep. A strong resistance on a supply zone, a breakout followed by a sharp displacement to the downside. I knew since the beginning that the Institutional Order Flow was Bullish so why a Short ??
In fact I was expecting that slope to be a liquidity trap to get more volume on the Buy side and the triple bottom just gave me the confirmation of a new Sell Side Liquidity Sweep.
The Sell Side liquidity didn't make any breakout below the 1970 bottom because there's no additional liquidity to be acquired below that level.
Target @ 2016 level ...
評論:
Erratum : Bottom at 1976 as per the chart price line. Rocket 🚀
