Though in relatively expensive area, there are 2 trapped seller zones to watch for. When price comes to these trapped sellers, the'll want to exit.
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
During a liquidity hunt, price could fall as shown and reverse from a long term trapped sellers zone. Let's see what happens
During a liquidity hunt, price could fall as shown and reverse from a long term trapped sellers zone. Let's see what happens
Trapped sellers will love to exit during a liquidity hunt!
There are 3 pockets of sell side liquidity right below us, which are ready to be raided! Short term : ICEUS:DX1! will head lower in search of liquidity Long term : ICEUS:DX1! will go higher once liquidity pockets have been raided. Also, lower DXY means higher S&P in the short term, lower in the long term.
Sunday gap up caught a bunch of sellers by surprise. Their desire to exit is our long trade!
The gap up on Sunday trapped a bunch of sellers, who would have a strong desire to exit when price comes back to them.