Price swept below support around 1.1473, grabbing liquidity and quickly bouncing back — this is a classic Wyckoff spring setup.
📌 Key Levels
Entry: Around 1.1500
Stop Loss: Below 1.1424 (spring low)
Target 1: 1.1567 (range high)
Target 2: 1.1614 (measured move)
🔍 Why I like this setup:
Fake breakdown (spring) and quick recovery
Buyers showed up right after the sweep
Expecting price to return to the top of the range and possibly break higher. This a trade we hold
💡 A spring is where smart money steps in after trapping sellers — I'm following them.
“I always say that you could publish my rules in the newspaper and no one would follow them. The key is consistency and discipline.”
📌 Key Levels
Entry: Around 1.1500
Stop Loss: Below 1.1424 (spring low)
Target 1: 1.1567 (range high)
Target 2: 1.1614 (measured move)
🔍 Why I like this setup:
Fake breakdown (spring) and quick recovery
Buyers showed up right after the sweep
Expecting price to return to the top of the range and possibly break higher. This a trade we hold
💡 A spring is where smart money steps in after trapping sellers — I'm following them.
“I always say that you could publish my rules in the newspaper and no one would follow them. The key is consistency and discipline.”
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.