Sell Side Liquidity purged ,we can possibly see a run on Buy Side Liquidity then maybe a fake out ,back to the down side
Looking for a cheeky re-entry for an upside move on USDCAD... Nice area of imbalance on DXY I want to target before a big downwards move due to NFP release on friday Trying to catch the move up and then down but generally bearish on USD
Buy to sell candle, 1hr candle took out previous highs then had a bearish move, putting sell limit at open of that candle. The swing also lines up with the 61.8%
I am looking at a potential buy area to fill IPA and also take out liquidity that was recently created.
Here is something that I am currently waiting for to play out we are in a distribution phase on GBP AUD Will be looking to take this to lower prices to clear out all liquidity down below follow me on Instagram: @crisqpips
I happen to notice a downward trend forming, particularly on the 2 hour time frame was easy to notice. I drew two trend lines, and saw price had bounced off the bottom trend line. Therefore I may have waited for a sell from the top. However, I did notice price start to retrace back down. But came close to the bottom portion of the trend once again and went for a...