Hello traders,
1. In this scenario we can see clearly how the institutional traders screws the retails traders by using all these sudden price spikes in order to hunt the stop losses.
2. Even in the higher time frame its clearly show that there was no candle closing above the resistance level. The market just gave spike to the next resistance level and came back inside the resistance.
3. Always try to use proper money management and try to have ur stops above the possible resistance or support level in the daily time frame.
Hope it helps. Cheers!
1. In this scenario we can see clearly how the institutional traders screws the retails traders by using all these sudden price spikes in order to hunt the stop losses.
2. Even in the higher time frame its clearly show that there was no candle closing above the resistance level. The market just gave spike to the next resistance level and came back inside the resistance.
3. Always try to use proper money management and try to have ur stops above the possible resistance or support level in the daily time frame.
Hope it helps. Cheers!
Trade active:
Trade active:
Reached support level.Lets hope it can break it
Trade active:
Trading inside the support zone!
Trade active:
Trade active:
Support is still holding. Have ur trailing stops. If market breaks the support zone and closes below will enter a short again. Cheers!
