Sellers were trapped in the recent uptrend in XAUUSD. Just above them, is a liquidity pocket which was recently taken out.
When price reaches these trapped sellers, they'll love to exit their loss making position - (hopefully) giving a beautiful long trade
When price reaches these trapped sellers, they'll love to exit their loss making position - (hopefully) giving a beautiful long trade
Trade active
Trade is live. Note
We just missed 1R (if so, our trade would have become risk free at 50% volume reduction). The way it's going right now, i'm not sure if stop loss will hold any longer. Waiting.Trade closed: stop reached
Stop loss hit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.