ICT Power of 3 Strategy on Gold
Updated
Power of 3 at work on Gold producing a 8.6RR move on 30/06/2023
XAUUSD
AMD:
A: Accumulation
M: Manipulation
D: Distribution
XAUUSD AMD:
A: Accumulation
M: Manipulation
D: Distribution
- Accumulation: Price range during Asian session, accumulating liquidity on both sides of long and shorts.
- Manipulation: Price broke the low of the accumulation during London session to take out sell side liquidity and then fill the previous day imbalance.
- Distribution: Price move away from the FVG leading to a shift in market structure on 5m time frame, plus a short pull back, follow by a massive move to the upside during the New York session to take out buy side liquidity above.
Comment
5m entry setup.
The entry was taking at the FVG.
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