EURGBP: Head & Shoulders Trap 🚨
Don't trade the head and shoulders pattern the retail way, trade it the smart money way.
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If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance.
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When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of demand to buy from.
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If you locate the correct demand, you can buy into seller stop losses and profit both ways.
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This is a great example of manipulation 👁
I will be joining buyers at the next demand.
⠀
If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance.
⠀
When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of demand to buy from.
⠀
If you locate the correct demand, you can buy into seller stop losses and profit both ways.
⠀
This is a great example of manipulation 👁
I will be joining buyers at the next demand.
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