Price swept liquidity, made a false breakout of the 1D swing, and closed below.
After that, we have a break in market structure, which shows us sign of weakness on key level.
That's why there's a higher probability of seeing prices lower at FTA (first trouble area) as next liquidity level.
Keep it simple and consistent!
After that, we have a break in market structure, which shows us sign of weakness on key level.
That's why there's a higher probability of seeing prices lower at FTA (first trouble area) as next liquidity level.
Keep it simple and consistent!
Trade closed: target reached
no entry
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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.