#1, Price takes out sell stops at "support" #2. Strong bullish move to the upside, breaking structure. #3. Whatever orders were resting above "resistance" was taken out as buy stops. #4. Early buyers from the market structure shit are now going to be caught unless they have a wide stop loss and are able to weather the storm #5. We have 2 areas where we will most likely see activity, either the Fair Value Gap(yellow rectangle), or the OrderBlock (blue rectangle).
If you want to trade the Fair Value Gap, my recommendation is a stop loss under the OrderBlock Again price may or may not go all the way down the OrderBlock
Trade at your own risk
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Very clean entry right off of the Fair Value Gap, I can't make this stuff up guys. #TeamNoIndicators
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make sure to take partials SL to break even
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Guys the market is at your service, never fear but be smart. I called this trade out 12 hours before it played out You really can't make this stuff up. If you master entries, that's when trading becomes fun. You never have to be in drawdown.
Why would u place a long position when the daily candlestick is touching the descending trend line
bewarali
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@kavish123610, Simply following the footsteps of smart money, areas with liquidity are literally a magnet for price. Trend lines, Support, and Resistance, are all areas of target. In other words, the general bias and the perception of most retail traders is "sell" because of a resistance zone or what not. What you don't see is the institutional perspective which is totally opposite. There's a clear reason why the area I highlighted had a aggressive reversal. Follow what moves price, that will benefit you the most.