The Buy side liquidity sweep set the condition for a Short
Yesterday we saw a Buy side liquidity sweep on Gold
XAUUSD
followed by a downward slope showing strength and displacement. The price recovered within the boundaries of the 1988-1989 previous supply zone. Technically it opens the door of a potential Short side trade. In another hand the middle east conflict is creating uncertainty about how successful can be the trade as any escalation news can overcome the Bearish trend to the upside.
XAUUSD
followed by a downward slope showing strength and displacement. The price recovered within the boundaries of the 1988-1989 previous supply zone. Technically it opens the door of a potential Short side trade. In another hand the middle east conflict is creating uncertainty about how successful can be the trade as any escalation news can overcome the Bearish trend to the upside.
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Trade is activated. Due to the external factors the Short side trade SL near the entry level at 1989.5
Trade stängt: målet nått:
A triple bottom gave me motive to take profit for a potential reversion. Explanation in the next idea :)
