My reasoning
1. Sweep so much liquidity
2. Didn’t close below the hourly zone wick
3. Retested the same regression channel(AGAIN) it broke out of for a strong buy
This could be short term to create the left shoulder of the H&S it looks to be creating OR the last discounted entry to the buy swing.
DXY (Dollar index) is now forming trapped trader zones on Monthly and weekly timeframes on both sides of the price. This means we could see a range developing for next few weeks/months.
I hoping this push up with break structure! Maybe nfp will the the drive force for that. We have a buyers liquidity sweep yet also rejecting off of a previous order block. Hmm...
I spotted Accumulation on the larger time frame playing out according to Wyckoff. The market is entering the phase B zone before the spring. To clear the liquidity to far left by SC before shooting up out of the top of Trading Range.
4H TF, GBPJPY, REACHING A POI
- ADDRESSING THE GREEN OB: MARKET REACHED 50% OF THE ORDER BLOCK ALREADY
- NOW MARKET IS CREATING EQUAL HIGHS AND LOWS (BLUE)
- BROKE ITS TREND AND SOLD OFF TO GRAB LIQUIDITY
(SOLD OFF WHEN MARKET REACHED THE RECENT WICK REJECTION (DOTTED LINE))
- OUTLOOK: BUY UP TO THE UNTESTED LEVEL (POI)
(TAKE THE SL SET OF ALL SELL ORDERS)
Evening Traders,
Today’s analysis – GBPJPY- trading below Local S/R that has confluence, further downside probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance ( .50 Fibonacci Confluence)
- Long Liquidity Target ( Dynamic 200 MA Confluence)
- RSI Bullish Control Zone
- Increasing Volume
GBPJPY’s immediate price action is impulsive...
Looking for a potential liquidity trap on Pound Yen today on this standout low.
This looks nice for a quick shakeout as it's the only low formed since breaking 138.2's so trying to hunt the stops here.
Will need confirmation to enter i.e. a break below and close above, showing that traders are trapped in positions.
Will target the FTA.
Still looking at a trap for Liquidity on Cable going into this week.
There are some nice lows that I'm looking for failure around providing a high probability move to the upside (targeting the FTA - First Trouble Area).
Why do I trade these liquidity traps?
Reason 1 - Because when price breaks structure, the breakout traders have their pending orders (Sell/Buy...
Evening Traders,
Today’s analysis – USDJPY- trading below Local S/R where a bearish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance (.382 Fibonacci Confluence)
- Untapped Liquidity Target
- Valid Volume Climax
USDJPY’s immediate price action is impulsive under Local S/R, this allows us to have a bearish bias on the...
I see a potential Liquidity Trap above this high on EU.
There's going to be a lot of stops above this high as It's a fair swing point and as we know retail traders love having their stops above/below swing points.
If we can fail to close above this level I will short to the FTA highlighted by the horizontal line.
"Why are you certain there will be a reaction...
Alts over the border became very volatile on these Bitcoin moves because there is less liquidity on exchanges in those.
Pictured above is an extreme example of coins that have low liquidity (XEM was listed on Binance less than 2 days ago and It looks like it hasn't gained popularity/liquidity yet).
I've put a low buy order in for XEM at 0.11 and 0.05, wish me luck. :)
Second liquidity trap of the day.
Such a simple setup, and such a simple ethos behind the strategy. Find where others are going to get stopped and stop them out.
Usually US Bank Holidays are quiet and I'm not so active, but today we've smashed the liquidity traps.
The old me wants to buy it because it fits the trend-line/channel. Also, the double top doesn't help. I know that once we get near that double top it's going to break it. But everyone else is buying right now, thinking the same thing and that's why the smart money signals are telling me to sell soon. There is a breaker and an order block just above this...
This is a textbook pre-London setup.
During the Asian session we often see (especially in Yen pairs) moves that set up for the London session. What this does is provides us with liquidity of retail trader stops that we can take advantage of.
This was a simple 0.7 R trade that I was in and out of within 45 minutes.
It amazes me that traders still put their stops...
Looking for a potential Liquidity Trap here to trap new sellers predicting a change in trend and squeeze out current long positions.
I am looking from an institutional point of view, where liquidity is needed before a further move to the upside.
This area of business (blue rectangle) interests me as we have nice prior lows where there will be a lot of stops...
