Going over the current market structure it has rejected the continuation of the uptrend 5 times in my marked up zone.. that being said I think we might be in for a major move down. I have marked my entry below the lows of the liquidity areas and my stops halfway up the highs to minimize risk but still allowing the market to grab liquidity before moving...
Nas100 currently respecting this zone. I think we will see bearish movement after this distribution
Opened a buy on GBPUSD, there was 2 scenarions for me. First one being the liquidity grab and the bullish push straight after. For safety I placed my buy just above SUP level, lets see where we will go. the postion is just for visuals, it hasn't hit stops for me as I entererd later
I think EURGBP will bounce off next support and grab liquidity to rally up to 0.87... zone As for me, I played it safe by just placing a buy-stop above Sup level so If price continues down it simply won't trigger my trade. Safety first!
* 3 liquidity grabs in 1 month on the same level is a clear confluence for me, major manipulation tho. I have re-entered my sell after hitting stops, still confident that market will be bearish until at least 181 levels * Entered sell again, major players have kicked out retailers