EURUSD: The Range Trap 🐻
The more I study this chart the more I see the potential for buys to liquidate sell-side liquidity.
Using logic, it would seem that buy-side liquidity has already been swept and any trapped sellers that got caught on the breakout have been given an opportunity to close out of negative positions to join the correct side of the market (Hopefully Buys)
With this theory, we could assume that this fresh demand will be the zone to give buyers strength to push for that sell-side liquidity.
If the price respects this demand throughout London, I will consider buying into the weak supply, updates to follow.
Give this post a thumbs up if you like my breakdown! 🔥
Using logic, it would seem that buy-side liquidity has already been swept and any trapped sellers that got caught on the breakout have been given an opportunity to close out of negative positions to join the correct side of the market (Hopefully Buys)
With this theory, we could assume that this fresh demand will be the zone to give buyers strength to push for that sell-side liquidity.
If the price respects this demand throughout London, I will consider buying into the weak supply, updates to follow.
Give this post a thumbs up if you like my breakdown! 🔥
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