- The failure of the price actions to break past the highest HIGH (4H) indicates exhaustion in buying interest.
- The period experienced a failed breakout of the nearby monthly LOW, indicating that this price is Bullish in the longer term on the larger picture.
- to add into perspective : 3M to 6M charts indicating a presence of Imbalanced or FVG at the top of the structure.
Our Trade:
- We are planning to absorb the correction pips (difference) between our Sell LIMIT ORDER to the Fair Value Gap (nearby liquidity pools) at the bottom of this structure.
- The intra-structure LOWS marked by "$$" indicated the areas where liquidity is expected to be hunted, these are where inexperienced retail traders tend to place their STOP ORDERS, signifying the presence of LIQUIDITY POOLS to Smart Money.
- The trade is Swing in Nature, may hold position for up to 2 days.
- Furthermore, the drop in volume along the area of Top Orderblock also indicates Exhaustion in the current buying Interest, Correction is inevitable.
- That's where we are in for - the PIPS difference
- The period experienced a failed breakout of the nearby monthly LOW, indicating that this price is Bullish in the longer term on the larger picture.
- to add into perspective : 3M to 6M charts indicating a presence of Imbalanced or FVG at the top of the structure.
Our Trade:
- We are planning to absorb the correction pips (difference) between our Sell LIMIT ORDER to the Fair Value Gap (nearby liquidity pools) at the bottom of this structure.
- The intra-structure LOWS marked by "$$" indicated the areas where liquidity is expected to be hunted, these are where inexperienced retail traders tend to place their STOP ORDERS, signifying the presence of LIQUIDITY POOLS to Smart Money.
- The trade is Swing in Nature, may hold position for up to 2 days.
- Furthermore, the drop in volume along the area of Top Orderblock also indicates Exhaustion in the current buying Interest, Correction is inevitable.
- That's where we are in for - the PIPS difference
Trade closed manually
- cut my losses early.- the trade needs reassessment.
- minimal loss registered,
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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.