Get started
joebrownFX

STOP HUNTING- Institutional trading,beat the banks!. AUD/CAD-1hr

Long
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
joebrownFX Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Support and Resistance Supply and Demand Trend Lines stop hunt institutional Supply Zone Demand Zone support resistence banks secret
0
0
supportandresistance supplyanddemand trendline stop hunt institutional supplyzone demandzone support resistence banks secret
As we can see the black area indicates a potential zone where retail traders are tricked into going long by the illusion of fake support. Large institutions and experienced traders know most novices will have their stop losses just below this level. Institutions and banks manipulate these levels and take out stop losses to gain liquidity in the market. Once a stop hunt has occurred we enter a trade in the direction that we are fundamentally inclined to do so.
Trade closed: stop reached:
Stopped out, -1%. We move on. If you find someone in trading who does not admit losses, they are a liar.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.