Setup probability drastically increases when we sell in premium (above 50% of a marked range) and buy in discount (below 50% of a marked range) . You are made to believe that 0.38 fib is magical and mesmerising since it repeats everywhere in nature and in human interactions but It's exactly where stop hunts actually occur. We want to engage from a different angle...
Just looking at the basic shift between buyers and sellers.
Part 2 here is all about CONTROL . As I said in part 1, people tend to equate green candles with buying and red with selling but the default coloring is wrong and does not reflect the actual actions of smart money. Like color, a common misconception is that if the day is red and way down, people are selling off. The reality is most of the time the market is...
GBPJPY – trending depends on breaking this range and Gbp performance. Trend: Strong Buy Price action: Buyers still didn't show any power. If we compare lower timegrame, then sellers are in much better position in compare to buyers. Overall market is still in buyers trending, but in any chance be aware of any break that wil happen. Potencial trade idea:...