This is a follow up from my previous tutorial post: # I want to see if I can put this into practise by anticipating a liquidity grab that takes out both breakout and s/r traders, then long off of a bullish order block.
This is a recent example of a liquidity grab in an SSR zone. In this example the market makers use this zone to take out both s/r and breakout traders before continuing with the trend direction.
neckline break and short to next support level. Multiple TPs
Risk entry, after a solid touch on trendline setting SL to breakeven.
Could fall to 1hr 800 ema as support before finding new highs
BTC in Wedge reversal pattern, one more touch then could breakout to upside.
Could be useful for risk trade setups. Market is very unclear right now to predict a direction.
I am bullish mid to long term and I think this could possibly happen.
So I think we are currently in a small channel within a much larger corrective channel, this will lead to a small downside breakout and hopefully a test of the lower side of the large scale channel, finishing with a return to start of structure on the larger scale channel.