EURGBP.... 21R LONG TRADE
Ladies and Gentlemen,
There is something about liquidity pool and grab that I have noticed but I will not be talking about it in this post. Maybe soon.
Anyways, EURGBP recently cleared the monthly liquidity pool, and it is heading to clear the trendline liquidity pool which can be seen on the weekly and daily timeframes. As for the 4H timeframe, I have marked the liquidity pool that price has created for it to takeout to move freely - SO BEWARE -.
Will price get to my buy limit order? I don't know but that is where I intend to buy from.
One thing about EURGBP & USDJPY is that the level of price manipulation and spiking is high so be careful when placing orders.
It's better for your order not to be triggered than to be taken out only for price to head according to your analysis. That way, your confidence in your trading system grows.
Enough said.
Like this analysis makes sense to you.
Cheers
David
There is something about liquidity pool and grab that I have noticed but I will not be talking about it in this post. Maybe soon.
Anyways, EURGBP recently cleared the monthly liquidity pool, and it is heading to clear the trendline liquidity pool which can be seen on the weekly and daily timeframes. As for the 4H timeframe, I have marked the liquidity pool that price has created for it to takeout to move freely - SO BEWARE -.
Will price get to my buy limit order? I don't know but that is where I intend to buy from.
One thing about EURGBP & USDJPY is that the level of price manipulation and spiking is high so be careful when placing orders.
It's better for your order not to be triggered than to be taken out only for price to head according to your analysis. That way, your confidence in your trading system grows.
Enough said.
Like this analysis makes sense to you.
Cheers
David
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.