US30 BuysDow came all the way down to fill equal lows, hoping for it to hit entry and reverse off of it.
Equallows
USDJPY Short Opportunity, 1:5 and 1:15 availableGood morning ladies & gents,
On the D1, H4, H1, M15 chart, the orderflow is bearish. Coupled alongside the equal lows present at "Objective 1" and we've got a super high probability setup taking place.
When price pulls back to this area, I'll be interested in looking for an opportunity short with a stop at the designated area.
Should price trade through this, there's another entry opportunity @ 108.800 with a stop above 108.860 (6 pips)
Let's see what happens.
Always remember to trade what you see, not what you think.
Be rigid in your rules but flexible with your expectations.
Good luck!
- AmplaFX
SNP500 ShortsAlways risky selling equities as the risk-on environment is still quite strong.
However, we are at all-time highs and I like the equal lows created on last drives showing some selling strength.
I will be looking to trade into high OB into last swing OB taking out equal lows. at 1:6 I am willing to take the risk.
Basic Concepts of Liquidity Truly understanding 'why' the market moves through basic concepts of Liquidity
This basic analytical overview is derived from the institutional methodology used at Phantom Trading.
We use this institutional methodology commonly known as 'smart money concepts' in conjunction with additional pieces of confluence to utilise Liquidity around the factualities of the market.
Within the graphic is 'reads a story of transitional money flow' in a clear, concise manner based on a 'vanilla / utopian / textbook' setup.
At the extremity we can see the absolute 'swing high' creating a BMS (Break of market structure) followed by an impulsive continuation to the downside showing 'Bearish' Intent, the market tapping into demand & buy side liquidity has then correctively navigated back towards the previous swing high, printing what is commonly known as a 'double top' where several 'trading styles / types / characteristics' come into play - Front running 'Breakout traders' , Double-top' traders and the more patient Trend continuation', 'Breakout & Retest' traders. Knowing and understand concepts of Supply / Sell side liquidity around these levels we classify these as EQH - equal Highs as Liquidity is manufactured in these specific regions filling bids & offers.
Once we have 'swept the liquidity' above the EQH it provides us with additional opportunities to Short the 'asset-class'
