Yesterday we fulfilled targeting 195.000 and esp the prev weekly high level.
So today, during any session or both London & New York session I wanna see the market melt to the downside.
Reason being, the draw on buy-side liquidity was fulfilled and for those who did not take their t.p's @ that high could maybe get stopped out.
Another theory is that whoever would have bought above prev weekly highs would have their stop losses down there.
I do not have an entry yet but stay tuned, hit that boost button and follow for more updates
I'ma share my entry as updates to this original idea
So today, during any session or both London & New York session I wanna see the market melt to the downside.
Reason being, the draw on buy-side liquidity was fulfilled and for those who did not take their t.p's @ that high could maybe get stopped out.
Another theory is that whoever would have bought above prev weekly highs would have their stop losses down there.
I do not have an entry yet but stay tuned, hit that boost button and follow for more updates
I'ma share my entry as updates to this original idea
Note
Mmmh yea, the 1hr sell-side liquidities also happen to be yesterday's New York's mid range session.Mind you we could go lower than the targets that I've annotated on my chart.
Note
The market has been consolidating during London session. Lets wait for New York session
Note
Yea, it happens. Sometimes the market gets to precipitated levels without getting an entry.
Beginner traders will say think that I should have entered sells ASAP as the market started melting or on New York session open...
No No No, my confluences were so minimal that I my psychology would be shaky and questionable.
Great traders wait for the right opportunity and the right time. Its all about Time N Price with sharp confluences
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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.