- The Trade is heavily reliant on Liquidity Pools (LP) that exist along the structures.
- The main consideration for this trade limit order placement was due to exhaustion patterns portrayed by the last Weekly price action (large wick formation).
- Moving to the 3-hour chart, there are number of reliable liquidity pools exist that could be the place of entry.
- However, we have decided that the one with OrderBlock (OB) is the most reliable and promising, hence presenting us with an entry position for our limit order.
- Within our 3-hour chart, we noticed interesting liquidity pools built up marked in "PURPLE" colour.
- This Liquidity Pools presents Large liquidity to the Smart Money, ie, the Stop Orders of the General Markets participants.
- We anticipate a liquidity hunt to occur in these areas, i.e. "Purple LP"
- Placement of Buy order Limits has been made, and the LAST MONTH HIGH is made as the TP Target Price.
- Entry is for Swing Trading, the duration of holding may pass 1 week.
- The main consideration for this trade limit order placement was due to exhaustion patterns portrayed by the last Weekly price action (large wick formation).
- Moving to the 3-hour chart, there are number of reliable liquidity pools exist that could be the place of entry.
- However, we have decided that the one with OrderBlock (OB) is the most reliable and promising, hence presenting us with an entry position for our limit order.
- Within our 3-hour chart, we noticed interesting liquidity pools built up marked in "PURPLE" colour.
- This Liquidity Pools presents Large liquidity to the Smart Money, ie, the Stop Orders of the General Markets participants.
- We anticipate a liquidity hunt to occur in these areas, i.e. "Purple LP"
- Placement of Buy order Limits has been made, and the LAST MONTH HIGH is made as the TP Target Price.
- Entry is for Swing Trading, the duration of holding may pass 1 week.
Trade closed manually
Trade is closed manually as the buying sentiment persisted. No loss accounted from this trade.
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.
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.