Hello Traders,
This pair which is a new addition to my watchlist is looking interesting. Let me tell you why...
Firstly, the price just took out Dec 2022 high and reacted. You would see my label on my chart. Now price made a bearish expansion but not before taking out the relative equal highs as marked on my chart.
Now that price had taken buy-side liquidity, it is going to look for sell-side liquidity to take out.
I have marked out sell-side liquidity for the price to go hunt.
However, I advise you guys to watch out for the structural shift from bullish to bearish and lookout for manipulations before taking a trade.
Let me know what you think about this in the comment.
Don't forget to give me a like and follow.
Cheers,
David
This pair which is a new addition to my watchlist is looking interesting. Let me tell you why...
Firstly, the price just took out Dec 2022 high and reacted. You would see my label on my chart. Now price made a bearish expansion but not before taking out the relative equal highs as marked on my chart.
Now that price had taken buy-side liquidity, it is going to look for sell-side liquidity to take out.
I have marked out sell-side liquidity for the price to go hunt.
However, I advise you guys to watch out for the structural shift from bullish to bearish and lookout for manipulations before taking a trade.
Let me know what you think about this in the comment.
Don't forget to give me a like and follow.
Cheers,
David
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.