15/05/2023 - 19/05/2023 CADJPY Mapping
Updated
1) HTF structure shows that price has been creating new HH (bullish trend)
2) But on LTF structure (current Price) shows that price is compressed (clearing demand zone)
3) Compression of price happen due to institutional trader want to drive price lower
4) Inducement been given by institutional to induce snr trader to sell off early (100.38 or 100.5 level)
5) entry sell on 100.5 level when inducement is complete.
6) if no inducement structure happen below 100.5 level, then 100.5 level is inducement structure trap
7) if scenario 6 happen, wait price to drive higher for liquidity sweep and entry sell on 100.78 level
HAPPY TRADING AND STAY PROFIT ;)
2) But on LTF structure (current Price) shows that price is compressed (clearing demand zone)
3) Compression of price happen due to institutional trader want to drive price lower
4) Inducement been given by institutional to induce snr trader to sell off early (100.38 or 100.5 level)
5) entry sell on 100.5 level when inducement is complete.
6) if no inducement structure happen below 100.5 level, then 100.5 level is inducement structure trap
7) if scenario 6 happen, wait price to drive higher for liquidity sweep and entry sell on 100.78 level
HAPPY TRADING AND STAY PROFIT ;)
Note
1) scenario 6 has happen.. waiting for any inducement structure below 100.78 level to happen2) sell position on 100.78 lvl activated for liquidity sweep when inducement happen below that lvl
Trade active
Im taking sell position due to liquidity sweep has been complete (clear picture on m15)Note
1. price has start foarming bearish candle2. set break even to eliminate trading risk
Trade closed: stop reached
1) Price hit break even
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