After analysing the volume and delta profile, it seems that a large number of sellers are found trapped down the chart where we have had previous fake breakouts.
Now that we are in a major supply, it is likely to see some of these bullish moves being corrected.
I will be waiting for a liquidity grab of the equal highs created within the supply, followed by a shift in the structure before I join the sellers.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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Please like, subscribe, and share this idea with others! ⬇️
--------------------------------------------------------------------------------------------------------
Now that we are in a major supply, it is likely to see some of these bullish moves being corrected.
I will be waiting for a liquidity grab of the equal highs created within the supply, followed by a shift in the structure before I join the sellers.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
--------------------------------------------------------------------------------------------------------
Please like, subscribe, and share this idea with others! ⬇️
--------------------------------------------------------------------------------------------------------
Note
No BOS, No trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.