Interesting... but irrelevant because no one trades it, so no liquidity on either side. Anyone with $60k could market-buy this to $140 with 3 clicks. :shrug:
Trapped shorts will now exit, giving us a long entry.
Trapped sellers == long position Close all position at 3R as there's a trapped buyers zone just above it.
Buyers are stuck in two pivotal locations. When price comes back to them, they would want to exit, giving us a nice SHORT opportunity! For now, simply wait.
I am buying NZDUSD at an untagged liquidity pool that previously led to a break in market structure via a new high.
I am buying USDCHF at an untagged liquidity pool that previously led to a break in market structure via a new high.
I am selling EURUSD at an untagged liquidity pool that previously led to a break in market structure via a new low.
I have a limit order to sell USDJPY at an untagged liquidity pool that previously led to a break in market structure via a new low.
I am selling AUDUSD at an untagged liquidity pool that previously led to a break in market structure via a new low.
I am selling XAUUSD at an untagged liquidity pool that previously led to a break in market structure via a new low.
Backtest results : prnt.sc Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs/lows) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone. Zone is...
Trapped buyers on USDJPY in a fakeout. Wait for price to come back to them, they would love an exit : giving us a wonderful short opportunity!
EURUSD has trapped traders on either end of the range - who would love to exit when price reaches them. All we have to do, is to just wait :)
Who wants to bet that RTY (Russel) is setting up for a liquidity run on those juicy equal highs? If that's the case, this could be short term bullish but then bearish.
GBPAUD- My bias on this pair is short in the coming days of the new trading week, after price broke above the equal highs to grab liquidity. On the 15 mins we have a falling wedge pattern, which is also a good indication for a potential short position. On the Daily TF we have rejections off the 78.6 fib level in the two last daily candles...
Backtest results : prnt.sc Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs/lows) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone. Zone is...
Backtest results : prnt.sc Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs/lows) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone. Zone is...
The same boring concepts and patterns occurring time after time