This is textbook. As will be the long entry once we arrive at the HTF orange selling which (if looked at on a daily chart) will prove tapered selling (a bullish liquidity build). That algorithm also lines up beautifully with a HTF demand zone in which we will begin building our position at around the .95 level.
This is a classic case of LTF bearish liquidity being utilized to prove HTF bullish liquidity. Even though we are moving down on the LTF, this is a bullish chart --> and you may be excited to learn that as traders, we can absolutely take short positions down to our HTF long entry targets, which is exactly what I've been doing on KULR.
I always prefer videos so that I can explain this all a lot more efficiently but I thought I'd give this a shot to see if it helps some people visualize the algorithms better.
Happy Trading :)
This is a classic case of LTF bearish liquidity being utilized to prove HTF bullish liquidity. Even though we are moving down on the LTF, this is a bullish chart --> and you may be excited to learn that as traders, we can absolutely take short positions down to our HTF long entry targets, which is exactly what I've been doing on KULR.
I always prefer videos so that I can explain this all a lot more efficiently but I thought I'd give this a shot to see if it helps some people visualize the algorithms better.
Happy Trading :)
Trade active
Beautiful reaction off of our red strong selling control. With sufficient liquidity built, we are now seeing a push toward our HTF target.
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Related publications
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.