Huge Stop loss liquidity hunt incoming
Everywhere that there was a higher high forming is where people put their stop-losses.
So once price starts it's rally downside, it will gain momentum.
It will be taking the short liquidity from all the stop-losses put in place by the slow upward price action.
If we look at the VPVR on the left, we can see that smart money have been accumulating their position at the top of the range. If they were accumulating long, they would have accumulated at a lower price. So all of that in mind shows us that the slow rising consolidation is in fact a distribution!
Looking for price to retest the broken trendline . This in theory should give us a trade of 6.5RR
So once price starts it's rally downside, it will gain momentum.
It will be taking the short liquidity from all the stop-losses put in place by the slow upward price action.
If we look at the VPVR on the left, we can see that smart money have been accumulating their position at the top of the range. If they were accumulating long, they would have accumulated at a lower price. So all of that in mind shows us that the slow rising consolidation is in fact a distribution!
Looking for price to retest the broken trendline . This in theory should give us a trade of 6.5RR
Trade fechado manualmente
I think this was too much of an obvious setup so smart money decided to take everyone out. For me, because I put a big stop loss, I am 0.5R down on this trade. No sweat.We can see that the upward thrust was bigger than the downward thrust:
I am waiting for another setup.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.