Potential liquidity buyside liquidity grab. Impulsive sell move. Potential entry on the retracement. Targeting to fill the void below for rebalancing. Potential of a 4:1 RRR trade or more. Manage the trade accordingly if triggered.
Trade active
Triggered both my 2 entries. Update on possible target until tomorrow or Friday if this trade does not return to my stoploss. Already taken partial profits. Possible Final target might be the equal lows for a 22:1 RRR trade.Trade closed: stop reached
Rest of the positions were stopped out. Good thing I was able to get out some partial positions on the 1st TP. Overall in small profit on this one. Nevertheless, though my stop was hit, I still had the correct direction on this one. Potential target on this one would be the equal lows below to purge those resting liquidity.
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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.