makuchaku

XAUUSD (GOLD) : FOMC meeting in 30 minutes => liquidity raid!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Let's play a game. Which liquidity will be raided if volatility spikes?

Comments

its volatile now. im scared af
+1 Reply
Did you mark off a certain amount of pips above or below wicks?
+1 Reply
makuchaku dontegoodridge
@dontegoodridge, Not particularly - just drew boxes around areas of equal low/high's. The horizontal lines are 6 period pivot high/lows (helps me to visualize the horizontal level)
Reply
@makuchaku, so on your point of view which way its going?
+1 Reply
makuchaku NewbiesTrading
@NewbiesTrading, I cannot say that. It'll raid liquidity on both sides and then try to go it's pre-planned way.
It can raid liquidity and head in opposite direction
Or it can raid liquidity, hit the stop losses and then continues in same direction.
Reply
@makuchaku, lets see what fomc will do
Reply
makuchaku NewbiesTrading
@NewbiesTrading, You can see how it's playing out - liquidity being raided in both directions :)
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@makuchaku, yeah let see what way he will break out
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