- The trade relies on the liquidity pools around the structures.
- The Main drive for the Sell limit Order placement was the Monthly CHoCH that occurred as labeled in the diagram.
- It is supported by the nearest Break of Structure on the Monthly level, giving the impression that the Trade is on continuation, however, Correction is inevitable.
- We have decided that the Liqidity Pools exist within the Orderblock to give the highest liquidity.
- Our trade is to capture the correction price within the order blocks and ride on the continuation of the Downtrend.
- The nature of this entry is Swing Trading, where holding days are between 3 days to 10 days.
- The Main drive for the Sell limit Order placement was the Monthly CHoCH that occurred as labeled in the diagram.
- It is supported by the nearest Break of Structure on the Monthly level, giving the impression that the Trade is on continuation, however, Correction is inevitable.
- We have decided that the Liqidity Pools exist within the Orderblock to give the highest liquidity.
- Our trade is to capture the correction price within the order blocks and ride on the continuation of the Downtrend.
- The nature of this entry is Swing Trading, where holding days are between 3 days to 10 days.
Note
typo* Monthly BoS (Break of Structure)
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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.