Lots of people suddenly wanna BUY HIGH due to FOMO, But the motto is to Buy Low and Sell High, Price had retested a Weekly OrderBlock above that caused It to reverse and drop on Sunday, and now it continues down due to liquidity, so the motto is to simply Sell High
Entry was from the 30 min OrderBlock for LTF Entry
I feel like a lot more retail traders need to get on board with ICTs concepts.
One of the main reasons a lot of retail traders lose money is because they don’t
Understand how the Market works so they are technically trading blindly. Market Makers
Are the ones that move the market to create liquidity as without it, orders won’t be filled,
and this is why a lot of...
Using ICT Concpets, it’s led me to believe EU has a potential rally down, it took out a double top, an area of Liquidity where Smart Money can sell, its retested a breaker used to mitigate orders, so now overall bias is to short EU to the double bottom, another HTF level of Liquidity, maybe EU will reach for the range Low
Have some important levels of support and resistance, if the market breaks up then you could use it as an opportunity to go long or if the market goes down and breaks through the previous support you could go short