Entry only if there is any possible stophunt, im gonna check on smaller timeframe if i can snipe this trade through institutional candles, otherwise im gonna wait for the price to clean the liquidity and then a stophunt scenario to short it.
It's pretty straight forward here, with a 3rd rejection imminent of a key level and psychological level (1), we can use this to our advantage by placing a sell-limit at the rejected daily price of 1 with tight stops. Using this technique may result in being stop hunted (as you see the second test spiked a 4th time), however the 3rd drive into the key level...
Is it true that the Forex Market is manipulated and controlled by a handful of banks and market makers? If so, how can we identify when they manipulate the forex markets and is it something that requires access to sophisticated tools and secret contacts? Well, let’s begin by getting a few facts straight. Firstly it is true that the forex markets are manipulated...