The Breaker The open float usually gets knocked out by the Smart Money. When that happens, the move up to trigger stoplosses is called the breaker:
Bearish breakers are runs lower
Clearing out the previous low
Transforming in a bullish market
The bottomlevel orderblock will not be reached by the retracement down
Instead the orderblock that caused the breaker will be used as support to push market up again.
(In this case the green cross reflects which stops have been taken out. The red area is the breaker that formed. The red arrow is the topline of the breaker. The blue lines are bullish orderblocks, orange lines are bearish ones.)
I am trying to apply the ICT Breaker here on EURUSD to explain some of the future moves happening. Personally I want to see us ignoring the breaker because I'm short. Though this justifies getting out of the short at that level, and for those of you that seek long positions. But if it does react at least I'll have a working scenario to reflect upon, because I'm not very skilled in detecting breakers yet.
Join the ride in my learning experience and please do not trade based on merely my analysis. Thanks!
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