XAUAUD, overall Bias Bullish. I try to look at the charts as a Market Maker. Last session before closing for the weeknd, they put traps.
Future? Think what retail would do and do the OPPOSITE !
Retail, looking at the charts, will go Short. The MM will go up, taking out the liquidity at A1.
Let's see what this weeks brings ..
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Level A1 liquidated, big engulfing candle. Let's see a retest at 1800 before we go down and hunt 1754
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No retest ): Now i like to see a fake breakout, taking out 1806. If so, we go down
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SL 1808
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Price go's up, volume go's down so uptrend is not supported by volume, prepare to go Short
But what i realy want to see is that spike!!
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Do we have a killshot? Trailing SL 1806
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No killshot. Maybe there will be that spike? I have put the SL back at 1808.
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Will there be that spike this time? Trailing SL large above 1810. If it spikes, there will be some space in between. If it pulls true extremly, i close the trade manually