If you don't Understand Mitigating institutional candles, do some quick research. Gold has been institutionally mitigating almost the entire time. But I think I've spotted the next mitigation point .... Between 1932.082
and 1928.01.
I found this flat top bear candle on the 3 HR Chart. A sell to Buy candle. Institutional candle. The institutions are still holding a position within that candle. And as soon as they reach that price point where they're holding the sell, they'll release it and you'll see an automatic buy. That buy will take out liquidity above so don't expect it to stop at a resistance level. Exxpect it to go through that level for quite some ways before rejecting back into the accumulation area.
Smart Money Trade
I could be entirely wrong, but this is what I've back tested.
and 1928.01.
I found this flat top bear candle on the 3 HR Chart. A sell to Buy candle. Institutional candle. The institutions are still holding a position within that candle. And as soon as they reach that price point where they're holding the sell, they'll release it and you'll see an automatic buy. That buy will take out liquidity above so don't expect it to stop at a resistance level. Exxpect it to go through that level for quite some ways before rejecting back into the accumulation area.
Smart Money Trade
I could be entirely wrong, but this is what I've back tested.
Note
There could be a mitigation candle just prior to the one mentioned. In which we could be buying XAUUSD now with a stop loss of 1927.72I'm going to wait for the start of the London Session to react to the mitigation of these candles. But the idea is out there.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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.