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AlkalineFX
Sep 2, 2021 5:02 PM

Learning Parallel Channel Traps Education

New Zealand Dollar/Swiss FrancFXCM

Description

Sometimes we can get so caught up in the fear of missing out on the breakout that we forget it could be a trap.

It is always crucial to listen to your intuition when you see these easy setups because more often than not they are more complex than they seem.

In this example, a breakout occurred and buyers put stops below the last structure, a few days later this structure got raided for liquidity.

Once the liquidity was gathered we began to see the true move to the upside.

Do you see this often in the markets?

Comments
EZIO-FX
Fake outs are a pain. Learning is a key 🔑 to success nice one
AlkalineFX
@EZIO-FX, Couldnt have said it better mate!
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