When they say "Your Stop Loss is my Entry"
Aktualisiert
Hi Traders,
Yesterday we caught a lovely 1:4 EURUSD buy trade that reversed soon as it hit our target
Today we see that during london session, EURUSD continued dropping with heavy volume.
Now many retail traders or so called "Institutional Traders" or "Smart Money Traders" will buy at the range before pricen decided to fall. Range marked in grey area 1.01438 - 1.01700. Some call this supply area, some call this OB, some call this POI, etc. etc.
For us to enter there, there needs to be liquidity to sweep before price can mitigate that POI. However, there is no liqudity generated to be able to sweep as you can see. So its safe to assume that liquidity lies above this POI where we marked horizontal line "Retail Stop Loss $$$"
We believe price can take this liquidity and then continue dropping.
Alternatively, if price decides to go higher to take Asian high liquidity, then we have another sell limit ready above asian high.
On the other hand, if price doesnt decide to take retail liquidity and carries on falling from the current grey range, we will miss the trade as you may know, market sometimes respect retail concepts too
Yesterday we caught a lovely 1:4 EURUSD buy trade that reversed soon as it hit our target
Today we see that during london session, EURUSD continued dropping with heavy volume.
Now many retail traders or so called "Institutional Traders" or "Smart Money Traders" will buy at the range before pricen decided to fall. Range marked in grey area 1.01438 - 1.01700. Some call this supply area, some call this OB, some call this POI, etc. etc.
For us to enter there, there needs to be liquidity to sweep before price can mitigate that POI. However, there is no liqudity generated to be able to sweep as you can see. So its safe to assume that liquidity lies above this POI where we marked horizontal line "Retail Stop Loss $$$"
We believe price can take this liquidity and then continue dropping.
Alternatively, if price decides to go higher to take Asian high liquidity, then we have another sell limit ready above asian high.
On the other hand, if price doesnt decide to take retail liquidity and carries on falling from the current grey range, we will miss the trade as you may know, market sometimes respect retail concepts too
Anmerkung
EURUSD triggered with a wick as posted in TradingviewCould move SL to entry now✅
Anmerkung
Remember this trade on Friday we got taken out at breakeven.Its now about to hit 1:7 RR🎯
We are looking for more entries currently
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▶ Website - algotradinggroup.net
▶ FTMO Pass Results - t.me/FTMOResults
▶ Weekly Signals Reports - t.me/weeklypips
▶ Weekly Profits - t.me/ATGProfits
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