In FX when we are presented with a huge candle with clean closes breaking key price points, we can almost be sure that institutions are in the market looking for the next move.
What we have to do is wait until monday's 2nd 4HR close to see which way we can follow institutions and take profit. This is very important as on Fridays close we do not have a clear...
It's Sunday so we are going through the next pair which we have spotted institutional manipulation on, AUDUSD. Those 2 wicks lured the majority of retail traders to take longs while being taken out on the downside. USD was supposed to weaken with the world reserve currency changing to the Chinese Yuan as Russia and Turkey started trading in Yuan instead of USD....
If you saw my last EURUSD post, we saw the huge wick to the downside on the 4HR and took our long opportunity as institutions bought up all the retail shorts. We are going to use this same idea on GBPUSD but we have to be patient. Wait for GBPUSD to hit 1.23000 with a large wick to the downside and then I will jump on this trade.
-InsiderForex
Large wicks in liquidity zones mean that institutions/banks are luring retail traders into either selling so they can buy or vice versa. On EUR/USD we can see a massive wick to the downside luring traders into selling so the big players can buy into those positions, propping up the price as their end goal.
I always advocate the only way to trade FX and any...
