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Orderblocks

Smart Money Concepts in action - 30% profit, runningGood Day. In principle, Smart Money Concepts/Order Block Strategies/Wyckoff (to name just a few), aim to do one thing - identify where Banks & Financial Institutions are stacking their buy or sell orders, anticipate Retail Trader stops being liquidated, and jump on board to ride the wave with the Smart Money. OTB (On The Beach) is a UK-based travel operator, a sector that's been beat-down heavily in recent weeks - and recently re-visiting its Covid Lows. Perfect opportunity for Smart Money to manipulate the market, trap sellers and liquidate early buyers who sold off in fear. BFI's do this every week - rinse and repeat. Our Strategy anticipates the 'washout', and enters on c.50% fib of the Spring. Let me know what you think of the trade set-up above - we anticipate holding on for a good deal longer, for a 2-3X return. Best, Figuring Out Finance
LSE:OTBLong
by FiguringOutFinance