Liquiditypool
XAUUSD (4H) : Trapping longs right now!XAUUSD trapping longs? XAUUSD is highly negatively correlated to DXY. Yet, when DXY is making new higher highs, XAUUSD is also trying to make higher highs. One of them will be proven incorrect.
My suspect is XAUUSD. Hence, its trapping in progress!
Moreover, there's a bunch of liquidity ready to be raided below monthly lows (notice two equal lows to the left) - Candy land!
Huobi Token - Support is intact Exchanges tokens are doing well and HT has ben on a stablecoin for a bit. I suspect it will wake up soon because its at support levels and the exchange is doing well. I expect them to do a monthly burn or bi monthly burn soon. Keep your eyes on this and its worth a small punt.
HT Liquidity Mining
HT also is part of Huobi's liquidity pool so users can lock it up and get free DeFi tokens - just another reason why i see this token going up in the near term.
XAUUSD (GOLD) (4H) Backtest : Break of market structureWinners = 12
Losers = 2
Breakevens = 2
Total Trades = 16
% Non Losers = 88%
% Winners = 75%
% Breakevens = 13%
% Losers = 13%
Win/Loss = 600%
Net R = 17.2
Avg R/Winner = 1.43
Avg R/trade = 1.08
Bad trades prevented due to presence of liquidity near SL= 13
Icons on the chart
Thumbs up : Trade was a win
Thumbs down : Trade was a loss
Circle with a cross : Trade was breakeven
Cross : Did not take the trade due to presence of liquidity behind the stop loss
Variables
Avg winner = 1.6R
Strategy : wait for market structure break, then trade the retest of that zone (against the trapped traders).