Institutional Analysis | Charming manipulation on Daily
At the daily timeframe we detected a manipulation. Trade seems safe since in a larger timeframe there is a strong uptrend.
Open positions of big players run negatively where the price is. They will probably start closing on Monday, and the market will move upwards.
Our stop loss will be under candlestick that collected liquidity and take profit a little below the previous high. We could easily pull our take profits to the orange zone since the point is a target for the big players due to the liquidity that the double top has accumulate over there. However, the safe option is a little lower than the previous high.
Open positions of big players run negatively where the price is. They will probably start closing on Monday, and the market will move upwards.
Our stop loss will be under candlestick that collected liquidity and take profit a little below the previous high. We could easily pull our take profits to the orange zone since the point is a target for the big players due to the liquidity that the double top has accumulate over there. However, the safe option is a little lower than the previous high.
We don't wanna price return for the liquidity below double bottom.
Happy profits ! ^^