Sweep of lower luquidity of previous days low + Break of weekly low.
Followed by a seaking of higher luquidity postitions, to then be awarded a continuation of bearish momentum to lower levels.
Once price hits the lower levels following Tuedays price and onwards, Price prediciton will be made from reactions on key luqitity levels higher/lower dependent on fib placements.
Trade Idea - 💡
On the 4h, a distribution schematic began to form in the 4hr BTS POI which was targetted for the original buys.
Over the course of the schematic played out until Friday until price rallied to create a new high, this was the first confirmation that we may be seeing a reaccumulation which would tally well with the higher timeframe...
Analysis - 👨🏾🎓
The DXY is Bearish on the monthly from a structural and institutional perspective I can see the bullish momentum continuing until 92.184 to mitigate the orders made in the last period before a continuation in bearishness to create a monthly lower low.
The 82.000 demand zone, which has significance as far back as DEC 1990 could be a...
Looking at the chart, we have seen within the blue box 4 touches of this level. This is filling the retail traders with confidence that a breakout below which is what's just occurred will continue that trend.
Nice long candle this morning clearing the liquidity on buys and now that people are putting on sells they will push the price back up to clear those stops...
Looking at a potential 1:55 short on EURUSD, my bias is relevant to DXY. Expecting retracement on Monday to clear up Thursday/Friday liquidity. My POI is based off of a BTS that needs mitigating, as it has taken out EQH's and left and IMB after it which is all signs of Smart Money.
The market has left some EQH's to be taken out on the way to the POI, with IMB's...
Still looking at a trap for Liquidity on Cable going into this week.
There are some nice lows that I'm looking for failure around providing a high probability move to the upside (targeting the FTA - First Trouble Area).
Why do I trade these liquidity traps?
Reason 1 - Because when price breaks structure, the breakout traders have their pending orders (Sell/Buy...
I see a potential Liquidity Trap above this high on EU.
There's going to be a lot of stops above this high as It's a fair swing point and as we know retail traders love having their stops above/below swing points.
If we can fail to close above this level I will short to the FTA highlighted by the horizontal line.
"Why are you certain there will be a reaction...