Price moves only to points where liquidity lies. Above the highs or lows of the day, week or months lies stop orders (liquidity)....
Dollar swiss had a draw on liquidity to the monthly high "0.93670", a Stophunt above this high shows a potential bearish reversal thus we espect a sell from this point.
Great traders let me know ur thoughts in the comment session below 👇👇
Dollar swiss had a draw on liquidity to the monthly high "0.93670", a Stophunt above this high shows a potential bearish reversal thus we espect a sell from this point.
Great traders let me know ur thoughts in the comment session below 👇👇
Note
First profit target reached RR: 1:5 target profit of 100pips... Possible price continuation come next week, would share the trade analysis and do well to follow for update
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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.