Hello traders
- In this part, we will talk about the smart money trap.
- There are a lot of traps for traders left by big boys in the markets to take your money. That's why it's important to be careful, and don't swim with fish but swim with sharks if you don't want to be eaten.
- The move is designed to first take out early sellers, then take SMC traders.
-We'll explain this example in a few steps:
1) We see that the price is in a downtrend, reacting from OB, and supply has full control in this situation.
2) We can all assume that the price will continue to be bearish.
3) Now you can see that the price is coming aggressively to the last OB, and before that, we had WBOS, and there was a trap made for SMC traders.
4) This is inducement, and we talked about it in one of the previous posts, you can go back to it for a more detailed explanation.
5) This OB is not valid for us, because we have seen a lot of liquidity that the price needs to pick up and an aggressive retest.
6) We waited for the price to pick up all the SMC entries, and then the price came to our safe entry, which is marked on the chart as a valid OB.
If you liked this example, leave a like for more content like this.
- In this part, we will talk about the smart money trap.
- There are a lot of traps for traders left by big boys in the markets to take your money. That's why it's important to be careful, and don't swim with fish but swim with sharks if you don't want to be eaten.
- The move is designed to first take out early sellers, then take SMC traders.
-We'll explain this example in a few steps:
1) We see that the price is in a downtrend, reacting from OB, and supply has full control in this situation.
2) We can all assume that the price will continue to be bearish.
3) Now you can see that the price is coming aggressively to the last OB, and before that, we had WBOS, and there was a trap made for SMC traders.
4) This is inducement, and we talked about it in one of the previous posts, you can go back to it for a more detailed explanation.
5) This OB is not valid for us, because we have seen a lot of liquidity that the price needs to pick up and an aggressive retest.
6) We waited for the price to pick up all the SMC entries, and then the price came to our safe entry, which is marked on the chart as a valid OB.
If you liked this example, leave a like for more content like this.