- Trapped with 2 Change of Character (CHoCH) in order to signal a reversal in trend.
- Took out liquidity along the way to original Order Block
- Damn! they got our Long & Short stop loss.
What to do:
- Keep watching Price Action until we see Break of Structure (BOS) in smaller time frame.
- Plot an entry based on newly constructed Order Block.
- Price came right...
Enter the trade when high or low from previous session had been taken out will result a quick profit with amazing risk to reward.
Those were the area of Buy side (or Sell side) Liquidity rested so when the new session begin, order flow will be more likely manipulated and run the stops from previous session.
You can get entries there and taking profit at the old...
- Determine directional bias from HTF
- Find high/low trading range from previous day
- Drawn in fib level to see premium/discount zone for entry
- Spot CHoCH in different direction of HTF (Potential to grab liquidity)
- Wait and see Price action with HTF bias (In this case is bearish)
- Price entered premium zone for open short position
- Wait for lower time...
Shares experience to play imbalance of order in M15/M5 timeframe with an obvious Order block that facilitate for open sell position real quick.
- Marked imbalance area occur from 2 huge bearish bar.
- Price pullback to fill that gap.
- Draw in trend line from M5 timeframe and see if price breakout.
- Spot price retrace to premium zone of fib level facilitate to...
