Navigating the Market : Simplified #EUR #GBP
You would argue this is "simple" to spot (liquidity pools) because it is a hindsight 20/20 type analysis. I tell you what : Just simple mark weekly high/low and monday high/low, see how many times price have broken it and only to bounce back.
I am not saying price moves like that always but with little context (i.e looking at liquidity pools, sentiment analysis, fundamental analysis: In this case the GBP move to the upside was backed by the news about UK Govt to be prorogued, institutionals very often use these kind of stuff as a "smoking screen risk events.. which institutionals took advantage of, economic risk events like scheduled economic numbers), you can appreciate how repetitive it is.
/** This is not an entry & exit based trading strategy
I am not saying price moves like that always but with little context (i.e looking at liquidity pools, sentiment analysis, fundamental analysis: In this case the GBP move to the upside was backed by the news about UK Govt to be prorogued, institutionals very often use these kind of stuff as a "smoking screen risk events.. which institutionals took advantage of, economic risk events like scheduled economic numbers), you can appreciate how repetitive it is.
/** This is not an entry & exit based trading strategy
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