Looking at Euro Dollar on the hourly today there's only one real area of business that intrigues me and it's this area of high liquidity between/above these two prior highs.
We could look to take advantage of a Liquidity Trap (LT) here as price will be above previous highs and breaching Daily ATR.
Essentially what we're looking for here is traders taking profits as we surpass the average movement for the day (ATR), whilst also squeezing into an area of high liquidity above and between two prior highs as these areas are golden for Retail Trader stops.
We could look to take advantage of a Liquidity Trap (LT) here as price will be above previous highs and breaching Daily ATR.
Essentially what we're looking for here is traders taking profits as we surpass the average movement for the day (ATR), whilst also squeezing into an area of high liquidity above and between two prior highs as these areas are golden for Retail Trader stops.