Sometimes the market will create the illusion that a breakout is occuring through these levels drawing in the chart ( SFP - swing failiar pattern ) unsuspecting traders into very bad positions. weak traders enter a btcusd trade from impulsive reactions triggered bu events like this. once all the suckers are positioned in on the bad move the market will pull back the curtain and reveal its true intentions...
The break through the 2H candles level was a classic bull trap and obsolutely destroyed everyone who jumped in with the buying frenzy. Avoid trading into these major turning points on the unless you have a damn good reason.
Focus on trading away fromn these mojor turning points. Use strong reversal signals on chart or by waiting for a breakout then a restest from the other end.
best luck...
The break through the 2H candles level was a classic bull trap and obsolutely destroyed everyone who jumped in with the buying frenzy. Avoid trading into these major turning points on the unless you have a damn good reason.
Focus on trading away fromn these mojor turning points. Use strong reversal signals on chart or by waiting for a breakout then a restest from the other end.
best luck...
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