Analysis for long positions :
Before i explain the set up il explain my bias; The reason im neutral till my set up plays out is because if you see on the 4h there was a stop raid into an order block which then lead to a double top sort of. now this was a good time to go short but if you follow my mentor we know that liquidity rests above double tops and bottoms.
NOW my set up is really simple; theres stops resting below that low made a couple days ago on the 9th of december. and there is a breaker above the low which it used to go up and make that double top now if my analysis is correct which it usually is nowadays then there must be raid of the lows made on the 9th and the raid will either clear the breaker to mitigate shorts and inject more longs when price hits the order block or price will break the low and we could see further shorts. This set up is called Turtle Soup and most should know it if they worked under my mentor or sumone that uses his knowledge. lets see if it plays out. my bias for the set up is long but ofcourse theres a plan b
Before i explain the set up il explain my bias; The reason im neutral till my set up plays out is because if you see on the 4h there was a stop raid into an order block which then lead to a double top sort of. now this was a good time to go short but if you follow my mentor we know that liquidity rests above double tops and bottoms.
NOW my set up is really simple; theres stops resting below that low made a couple days ago on the 9th of december. and there is a breaker above the low which it used to go up and make that double top now if my analysis is correct which it usually is nowadays then there must be raid of the lows made on the 9th and the raid will either clear the breaker to mitigate shorts and inject more longs when price hits the order block or price will break the low and we could see further shorts. This set up is called Turtle Soup and most should know it if they worked under my mentor or sumone that uses his knowledge. lets see if it plays out. my bias for the set up is long but ofcourse theres a plan b
Trade active:
If this low holds there could be longs other wise it’s reaching for the lows to take out stops
Trade active:
It’s a short