Hi, I can see at least two Liquidity Pools on Medium/Higher Time Frame for EURUSD, and price is likely to seek these. The question is if it will go first below or first up. Instinctively, I usually want to trade upwards or the reversal, but since price short term is already downwards, and thus closer to the lower Liquidity Pool, then perhaps that is the wiser...
Retail Traders See Long, which they're not wrong, but that trend line support is a trap. We are potentially going to see a run on those stops and then a move up to reach for a Thursday High and potentially short or set up a short on Friday.
MANA USDT long supply and demand liquidity grab market structure conformation entry
I am waiting for asian low to be taken and see if it will reverse on the area i am watching to take us to asian high for a bullish move.
#USOIL ----------------------- PRICE ACTION ---------------- SUPPLY AND DEMAN --------------- CHoCH ---------------- LIQUIDITY GRAB ------------ short smartmonry concept
Looks pretty Bearish to me! Yes we are above the yearly open, yes we have lots of bullish sentiment and Whale/Market Maker buying... retail volume is dead... This is a Whale/MM Liquidity Grab... we should pullback to support, fake out some longs and sucker in some shorts, pump to Stops... and then dump... It's too damn perfect... lets find out... Macro i'm still...
Simple setup we have reached a zone of liquidity and started rejecting it i had my sell order activated 1.7500 I expect to see at least push around 1.73500
SL @ Below H4 Pinbar Candle close, TP1 0.8818 TP2 0.89