Im personally shorting EURCHF at this time, a single take profit.
¿Why?
1) Sellers have open orders @ 1.075, which are real orders and not a spoof (type of manipulation) as they are resisting, so this is a real resistance level
2) There is a support @ 1.07450, however it does not appear in the order book. My best shot? Hidden orders, which means someone does not want the price to go down, "yet". They are trapping liquidity
3) 4% of bulls are trapped between 1.07500 and 1.07550
4) Possible bull trap?
Please close trade manually at 3:40 PM if TP or SL have not been hit
Entry @ 1.075
SL @ 1.076
TP @ 1.073
¿Why?
1) Sellers have open orders @ 1.075, which are real orders and not a spoof (type of manipulation) as they are resisting, so this is a real resistance level
2) There is a support @ 1.07450, however it does not appear in the order book. My best shot? Hidden orders, which means someone does not want the price to go down, "yet". They are trapping liquidity
3) 4% of bulls are trapped between 1.07500 and 1.07550
4) Possible bull trap?
Please close trade manually at 3:40 PM if TP or SL have not been hit
Entry @ 1.075
SL @ 1.076
TP @ 1.073
Trade active
Trade EnteredNote
What does that 4% really mean?Trade closed manually
Market about to close, as said before, we are closing 20 minutes before the market. Take a little loss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.