Liquidity Pools EURUSDHi,
I can see at least two Liquidity Pools on Medium/Higher Time Frame for EURUSD,
and price is likely to seek these. The question is if it will go first below or first up. Instinctively, I usually want to trade upwards or the reversal, but since price short term is already downwards, and thus closer to the lower Liquidity Pool, then perhaps that is the wiser choice, to do a small short if anything.
But there are liquidity pools to the upside, which can give a great reward if it reaches there, and you have traded near these lows.
Have a great day in Jesus' name!
-ThomChris
Liquidity-grab
Bearish Gartley #BTC - Confirmation?Looks pretty Bearish to me! Yes we are above the yearly open, yes we have lots of bullish sentiment and Whale/Market Maker buying... retail volume is dead...
This is a Whale/MM Liquidity Grab... we should pullback to support, fake out some longs and sucker in some shorts, pump to Stops... and then dump...
It's too damn perfect... lets find out... Macro i'm still bullish, all you have to do is look at a 12 month chart of BTC and look at the abysmal volume we have had... this has NO retail buying... this is all Whale/MM pumping to grab retail liquidity before the recession that we all know is coming...
Stay on your toes out here, and don't buy the hype... its a bear market!
Happy Trading...