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makuchaku
Sep 16, 2020 5:41 PM

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

GoldOANDA

Description

Let's play a game. Which liquidity will be raided if volatility spikes?
Comments
NewbiesTrading
its volatile now. im scared af
ForensicForex
Did you mark off a certain amount of pips above or below wicks?
makuchaku
@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)
NewbiesTrading
@makuchaku, so on your point of view which way its going?
makuchaku
@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.
NewbiesTrading
@makuchaku, lets see what fomc will do
makuchaku
@NewbiesTrading, You can see how it's playing out - liquidity being raided in both directions :)
NewbiesTrading
@makuchaku, yeah let see what way he will break out
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