Forexpositive
sgd/mxn hey all and happy weekend as we can see in the chart we have support im still waiting pullback to resstence level to take sell
tp1=13.9800
tp2= 13,91600
goodluck
dont forget to leave comment if you are agree or no
UPDATE in SETUP FOR EURAUD !!The level that should be broken to go Long on EURAUD had been changed, its the 1.46194 now and its already broken, so now we should wait for retest that shouldnt break the 38.20% of Fibonacci retracement and should in the form of a regular flag, expanding flag, running flag or contracting flag, then seeing some additional extra confirmation to spot the entry trigger and have a good setup and postion for a trade with +80% win rate. Follow me to stay in touch with any update and take the ride with me! Tell me what do you think about making a youtube channel where i'll post videos analazing the full charts so you can understande well.
Institutional Liquidity Orderflow 📉📉📉Hi guys! I would like to briefly explain my strategy, I use liquidity to understand where should market go .
🏦 Liquidity is basically a zone in the market where a lot of stops are located both retail/ institutional, I will look to enter near that area but only after the manipulation on the buy-side or sell-side liquidity to all my trades with "Smart Money". as known as "Wall Street"
You can separate the Liquidity Concepts in two areas.
✅ Buy Side Liquidity - area of the price where sellers put their stop loss, its located on old highs, equal highs (Resistance) above double tops, above key psychological numbers
✅ Sell Side Liquidity - area of the price where buyers put their stop losses, usually below old lows, below equal lows(support), below psychological key levels.
‼️ REMEMBER
Dumb Money sell at high
Smart Money SELL ABOVE THE HIGH
Dumb Money buy at low
Smart Money BUY BELOW THE LOW
Using this concept as i explained you will have less stop losses because you will allign your trades with institutional orderflow.
I attached couple photos so you can have a better understanding.
Bearish Engulfing Pattern 📉📉📉Bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle.
✅ A bearish engulfing pattern is a hint that a market may have formed a top. Any engulfing pattern below the daily time frame should be ignored. These patterns should only be traded at swing highs. The engulfing candle must break key support to be considered “tradable
✅ Bullish engulfing patterns are a confirmation that more buyers want to join the uptrend. On the other side, a bearish engulfing pattern gives confirmation for more sellers joining the short side
✅ An engulfing pattern is a strong reversal signal. There are bullish and bearish engulfing patterns and they are composed of two candlesticks – one bullish and one bearish. ... It is no