Snipers-Academy XAUUSD 5/10/2019 Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD) 1506.20 −2.16 −0.14% Snipers-Academy just now 14 min 41 sec left to edit idea Beyond Technical Analysis Candlestick Analysis Multiple Time Frame Analysis Gold XAUUSD fx trading Metals metal Forex snipersacademy limitlessprofits
just now Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
CHARTS AGENDA:
SM - SMART MONEY PA - PRICE ACTION BITCOIN SIGN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS BLUE LINES - ENTRIES WITH SM MARKED LINES - POTENCIAL ENTRY POINT BOX - GAP's
We can see reaction on 78.6% Fibo lvl , but we must as well pay attention to the GAP's which are created above, cause all of this structure from 05/08/2019 is basically a WICKOFF Distribution Schematic, so we expect in next coming days/weeks push down. We are in a pull back on higher time frame, so i wouldn't long this right now. Let's w8 for push up to catch this Huge push down which suppose to happen soon.
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