Sniperstube
EURCAD Short ideaWe have a Sell limit placed at our entry 1 point, but we do have 2 possible entries, just make sure you use correct risk managment. We expect price to head up to our entry 1 point and then head down to take out them equal lows (Marked "Liquidity")
where price could keep pushing down or reverse.
AN Long IdeaOn the monthly time frame we can see the Orange line (Retial Support) has been respected more than 3 times. Price has broken through this support level to take out retial trader that entered Long posoitons at the support area. We could see price head back down to the sniper zone (Marked in purple) to take out any eary retial long traders and then head up in the inteded direction.
EJ LongWe have this retail support zone where price broke through previously. We have this retail head and shoulders pattern forming on the lower time frames which retail traders will be watching. Price should come down towards to he sniper block (Marked in pink) and then in the intended direction. This will be grabbing retail liquidity so the institutions can get in at better price.
GU Long ideaAs you can see we have an order block (Marked in purple) where retail trader were trying to sell at the resistance area. Instituations then ran price higher and trapped these sellers. Price is now coming down to retest that order block. So we could see them keeping price above this order block
What are you guys thinking, first time drawing my trade!!My tought on Mona,
This is my first drawing hope u guys like it,
If u have any feed back let me know,
This is no trading advise hahaha there a just my toughts about my trade.
I'm hoping for a next break out and will make sure my sell order is in the books soo it doesn't really matters when it happens.
just not sure about my stop loss.
If any off u guys have any good apps ore programs for putting in both stop losses and sell orders at once at Binance,
please let me know.