Hello everyone!
As you know, institutions do manipulate the market. We can see that many times liquidity (retail traders stop losses, sell limit etc)
were hit before continuing the normal trend.
This might be a good entry point for a short position since the market after taking the liquidity returned to its previous high to then sell off at our
entry point.
XAUUSD
https://www.colibritrader.com/wp-content/uploads/2020/01/Screen-Shot-2020-01-14-at-14.56.38.png
As you know, institutions do manipulate the market. We can see that many times liquidity (retail traders stop losses, sell limit etc)
were hit before continuing the normal trend.
This might be a good entry point for a short position since the market after taking the liquidity returned to its previous high to then sell off at our
entry point.
XAUUSD
https://www.colibritrader.com/wp-content/uploads/2020/01/Screen-Shot-2020-01-14-at-14.56.38.png