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makuchaku

XAUUSDD (GOLD) : Trapped sellers below a liquidity zone (Buy!)

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
makuchaku Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Supply and Demand trapped trappedtraders liquidity btmm marketmaker marketmakermethod XAUUSD Gold makuchaku
10
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supplyanddemand trapped trappedtraders liquidity btmm marketmaker marketmakermethod xauusd gold makuchaku
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
Trade active:
Trade is live.
snapshot
Comment:
We just missed 1R (if so, our trade would have become risk free at 50% volume reduction). The way it's going right now, i'm not sure if stop loss will hold any longer. Waiting.
Trade closed: stop reached:
Stop loss hit.
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