The price of a forex trade after withdrawing liquidity before getting a move
We’re at the same point, so let’s be very selective about that and we’ll let you guys know, so today what task we have, we’re going to go look at a new boat. I don’t know if we could show you everything it seems like it’s supposed to be a surprise but you guys are part of the series so we can you know give a little insight but we’re going to go take a look at the analysis of this and I’ve said it a billion times all you have to do is set and forget What is this trade here, this trade completely violated my take profit in forex.
The price of a forex trade after withdrawing liquidity before getting a move
If we close here at 1 to 3 for 70 pips, if I were to continue to hold this position to the point we are at now, we would be at 1 to 7 for 144 pips in this account now instead of being at 200,000, we would easily be over half a million dollars on the trade. One of 40k, why because we set and forget like me “I have explained a million times that we trade a daily area of interest and reject it from daily support and resistance.
We have to set a daily take profit here, where my real take profit was this dot structure there because this is the daily structure of the dot that we closed the body under which would easily have a lower high and would continue to plumb to the downside so in the next analysis listen To and forget but that’s okay because fortunately the next trade is literally lining up now, you’re uh US Dollar Japanese Yen.
Bearish pin bar with liquidity pool in Forex
We’ve got a daily confirmation of the bearish pin bar with the liquidity pool with the wick above what we’re going to wait for the price now to do is create a little bit quickly cut the rally and then sell, so this looks very nice and very clean, I don’t think this can continue to The trend is down without having to retest before heading to the downside, so we’ll wait for that quick retest and uh, we’ll check back, it’s currently 6:53 PM, check back right before the trading update in the London session.
It’s currently and I say guys because 99% of the videos you watch are for testosterone right here. 600 PM EST still no trade in the account, everything is the same, and you keep forgetting about it, so you guys can see here that USD/CAD is currently pulling back just as we would expect the price to do.
Why Forex traders target the highest levels of the trading session
It’s great because this is going to give us some good opportunities for next week to actually be able to execute this market next, we have USDJPY as I mentioned we’re going to break out now and we’re going to retest, and continue to head to the upside, I don’t like this daily uptrend and the golf and the candlestick Sell I have seen this happen several times in the past now we will wait for a quick retest and then buy on the upside.
Large players frequently target meeting highs since they realize that numerous dealers use them to enter and stop positions, for instance, numerous merchants utilize the Asian meeting range as an aide for the London meeting. They might put in purchase requests over the Asian high and sell orders underneath the Asian low. The shrewd cash might push the value Past these levels straightforwardly to invigorate these orders.
Support levels for Forex liquidity traders can trade against
The price may rise above the Asian high resulting in buy orders only to sell in this liquidity and push the price back down The previous day’s highs and lows are other important levels that many traders watch and they often act as support and resistance levels for the current days, as the big ones trade Again frequently these levels for example, many traders play buy orders just above the previous day’s high, expecting the upward momentum to continue.
The smart money will push the price higher to trigger these orders, creating a pool of liquidity that they can then sell into this liquidity, which could lead to a price reversal which is the previous week’s high and the lower levels also attract a lot of attention, and you may not even know where There are these levels.
Using Forex Swing Traders and Position Traders for Smart Money
These levels often act as key support and resistance on higher time frames and smart money often exploits these levels knowing that many swing traders and position traders use them to place stops and entry orders for example in a downtrend, many traders may play sell orders below The lowest level of the previous week, expecting the trend to continue.
Smart money often pushes the price down to trigger these orders, creating a liquidity pool that they can buy into supply and demand zones which are another liquidity zone. These are areas where the price has shown significant rejection in the past and these zones are prime targets for smart money manipulation. Smart money knows many From traders. They place their orders around them.
Summary
Many traders may place buy orders in a strong demand zone the smart money may push the price in this zone triggering these buy orders and creating liquidity they can then sell into this liquidity causing the price to fall which is why you see many demand zones that should work In theory but in reality, it fails and the same thing happens with supply zone traders. They often play sell orders at these levels expecting the price to fall in Forex.
