Liquidation
CADCHF 30M - LONGPrices taps into a weekly POI, gave us a shift in structure on the H8 timeframe establishing a new trading range for us to work with.
Now, we can get involved with the H8 timeframe's trading range instead of working the entire weekly range which is too huge. Wait for confirmations onto demand areas to get involved in BUYS.
XAUUSD H4 - LONGPrices left behind a 2 demand areas for us to get involved.
No, we do NOT place a buy limit order just like this. Instead, we wait for confirmations and a new range to appear, before looking for buy opportunities.
What do I mean by creating a new range? If we start to see a HTF Break of structure, like the H1 or the H4, we can trade them using the 5m-15m confirmations.
Elevate Your Trading | How to Track Liquidity and How to TradeEver thought a price moves because it's on support level or below a resistance level? Or because your favourite indicators show a buy/sell signal and you want the price to see the same and move in you favourite direction? A Big No, dear. That simply won't happen...
The main gyrator of the market is "Liquidity"
What is liquidity?
Liquidity, in very simple terms, is where stops are. And that's (mainly) below relative equal lows or above relative equal highs... So you're now maybe thinking, "well, that's why I get stopped out just before the price moves violently in my previous direction.."
Exactly, that's it... Learn how to see where liquidity is resting and how to to become engaged in a good trade...
That's exactly what I want you to do...
And here is one lesson of many that I will post.. in addition to live calls when I see high-probability setups... I will turn your eyes to it...
Ther are a lot more to come, so don't forget to ▶️ LIKE ▶️ FOLLOW to keep updated with everything I post..
Let me know in the comments what you wanna be the second lesson on..
Good Luck&Be Safe