Day 2 on my journey : "read the market" Today on , 1H Charts Objective was to watch the market and try to identify Daily level Highs & Lows
Thats what i'm going to do all this week Take my time , and try to "decrypt" all of this
what i see on this chart ? Daily Highs and Lows are easy to identify and a daily downtrend can be observed. BUT some interrogation remains
Day -3 & -2 have really close Highs & Lows Day -2 have Higher High than D-3 (wick) , can i considere this is liquidity purge of D-3 by the D-2 high ? Day -2 and D-3 have clean equal Lows , i can guess there is a liquidity pool around here with some stop loss under the D-2 & D-3 low level
What i can see right now is that D-1 High hasn't been tested and D-1 Low has been broken
In this scenario i imagine , D-2 take D-3 liquidity pool then a strong downward movement begin these last 2 days
Training diary 29/09/2021 - 11:43 NY time (gmt+4) GBPUSD
thank you for your reading please know that your feedback is greatly appreciated and we can talk about these NOOB observations ^^
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.