ICT Power of 3 Strategy on Gold

Power of 3 at work on Gold producing a 8.6RR move on 30/06/2023


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.
  

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5m entry setup.

The entry was taking at the FVG.