US30 Liquidity on bot sides of range. When will it dissolve?
The tight range serves for alot of stop losses above and under both these key levels.
One side will get taken first, and probably serve as a trap, after which we see a reversal to the actual direction.
(my bias is currently to the downside as the final direction due to fundamentals and broader trend(s))
Although I by no means recommend trading off my bias or trading off this idea at all, especially if you're unfamiliar with the ideas put forth.
The red line should also not be seen as a prediction, merely as a drawing to indicate what I mean by reversal to actual direction with my bias.
It could just aswell take bottom-side liquidity first and then run to the upside.
Don't predict, react.
One side will get taken first, and probably serve as a trap, after which we see a reversal to the actual direction.
(my bias is currently to the downside as the final direction due to fundamentals and broader trend(s))
Although I by no means recommend trading off my bias or trading off this idea at all, especially if you're unfamiliar with the ideas put forth.
The red line should also not be seen as a prediction, merely as a drawing to indicate what I mean by reversal to actual direction with my bias.
It could just aswell take bottom-side liquidity first and then run to the upside.
Don't predict, react.
Comment:
Arguably liquidity taken here, lets see reaction