- A trade limit order was initiated after a failed breakout occurred on the daily time frame against the last month's HIGH.
- This indicates exhaustion of the Buyers' interest.
- The presence of orderblock on the false breakout zone indicates a reversal pattern.
- However, not to be taken frankly, INDUCEMENT is going on at the moment (April 17) in the sideways/accumulation zone.
- This represents a bulk of Retail Traders' Stop Losses creating "Liquidity Pools", in addition to the Liquidity Pool on the last Monthly HIGH.
- We are anticipating a Liquidity Hunt to occur, absorbing all stop limit orders around the sideways/accumulation (after orderblock) to occur, hence initiating a Buy Order in abundance, where SMART MONEY can take advantage of by initiating a large Sell Order (hence absorbing all liquidity).
- This trade is CONTRARIAN in nature and Swing Trading.
- The holding period is expected to be between 3 days to 1 week
- This indicates exhaustion of the Buyers' interest.
- The presence of orderblock on the false breakout zone indicates a reversal pattern.
- However, not to be taken frankly, INDUCEMENT is going on at the moment (April 17) in the sideways/accumulation zone.
- This represents a bulk of Retail Traders' Stop Losses creating "Liquidity Pools", in addition to the Liquidity Pool on the last Monthly HIGH.
- We are anticipating a Liquidity Hunt to occur, absorbing all stop limit orders around the sideways/accumulation (after orderblock) to occur, hence initiating a Buy Order in abundance, where SMART MONEY can take advantage of by initiating a large Sell Order (hence absorbing all liquidity).
- This trade is CONTRARIAN in nature and Swing Trading.
- The holding period is expected to be between 3 days to 1 week
Trade active
Trade is active. April 22ndTrade closed manually
-trade closed now.- excellent trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.