-Take sells and ride down in the hopes that if i am right, price wont break above 1.07700 and drop to the 1.06750 area.
Alright, Let's go.
Comment
⋅
On the chart please note its, Potential lower highs and not potential lower lows
Comment
⋅
30M closed bearish. We can safely take sells
Comment
⋅
Tricky situation we got now.
-We have to maintain the high created and break the low of the previous candle to continue going down.
-Trade is still active as long as we dont break our high.
Comment
⋅
Oh no. Eurusd still resisting. Sell orders still valid a this point.
Comment
⋅
What is a liquidity candle?
-Liquidity candle are pauses in a trending market. They print opposite to the trend and are characterized by an exhaustion formation, eg; A trendy kangaroo tail.
-Notice that if the low of a trendy kangaroo in a bearish market is broken, the trend continues downwards; And if the high of a trendy kangaroo in a bullish market is broken, the trend continues up