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Consolidtion

Smart Money vs Retail tradersIn this Chart I show you the Universal Trading narrative of the FOREX Market. By simply knowing that the trend signifies the market is reaching for liquidity and to fill imbalances you will always be able to catch a entry or two or three daily on your pair. The market makers make money when the Smart Money pulls their profits creating order blocks aka consolidation. When the market makers accumulate enough buy and sell stop orders they continue the move often with the trend. The Big Trend Moves are always the Smart Money. Trade with them and you will always eat! Happy Trading Family!
by Master-Jedi-Trader
Trading inside a consolidation! 😒Now the situation is getting clearer on NIO to me. I see a consolidation between the 42.34 and the 40.89. To the side it breaks, we’ll see a good movement next. If NIO breaks the upper line, then the 46 is the next stop. If NIO breaks downwards, then the 20ma is the target. It seems simple enough to me, but it is not over yet! The problem is the RSI. We have a small divergence, and it is overbought. This makes me more comfortable with the idea of a downwards breakout to the 20ma. Then the RSI will cool down, and the risk-reward ratio will increase too. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
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