XAUUSD BULLISH AFTER HITTING LIQUIDATION ZONES
Took a short to a possible liquidation after breaking the bearish trendline to the first secure liquidation zone. The market has touched to retest level followed by another pump to the resistance.
I think they wil liquidate the buyers who believe trend will be bullish after it touch resistance and after te breakout. There are two possibles liquidation zones which are marked with the dollar on my chart.
The second liquidation zone is a possibility because there is a big Fair Value Gap, which maybe want the be filled with order before having a bullish pump and making a new BOS and a CHOCH on the higher timeframe. Therefore we will be waiting patiently what the market does to be looking for solid Buy's with a minimum loss.
I think they wil liquidate the buyers who believe trend will be bullish after it touch resistance and after te breakout. There are two possibles liquidation zones which are marked with the dollar on my chart.
The second liquidation zone is a possibility because there is a big Fair Value Gap, which maybe want the be filled with order before having a bullish pump and making a new BOS and a CHOCH on the higher timeframe. Therefore we will be waiting patiently what the market does to be looking for solid Buy's with a minimum loss.