EURGBP: Head & Shoulders Trap 🚨
Don't trade the head and shoulders pattern the retail way, trade it the smart money way.
⠀
If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance.
⠀
When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of demand to buy from.
⠀
If you locate the correct demand, you can buy into seller stop losses and profit both ways.
⠀
This is a great example of manipulation 👁
I will be joining buyers at the next demand.
⠀
If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance.
⠀
When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of demand to buy from.
⠀
If you locate the correct demand, you can buy into seller stop losses and profit both ways.
⠀
This is a great example of manipulation 👁
I will be joining buyers at the next demand.
Publications connexes
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.