Inefficient moves are highly likely to get filled again. Depending on your timeframe work you can expect an immediate response or a delayed one, but it will always get filled.
Update: $gold target one hit. I’ve also recorded a video so I’ll post it for you all to see how liquidity works. 😊
As promised here is a short video showing the live trade from 1H to 1min. Only recorded the end, I’ll record the whole trade from development to entry and target. Enjoy for now...
One of my favourite charts at the moment is $AUDJPY. Weekly chart here. Small body candles lead to a big body candle (expansion).
$AUDJPY on the daily shows consolidation under a resistance area which is bullish. Some nice pockets of liquidity as upside targets. Also note the left consolidation downside pressure expanded into a key level then reversed and now the right consolidation has an upside pressure.
$AUDJPY 4H chart looking healthy. Consolidation off the key level, first leg up, now price consolidating with upside pressure. Downside is limited IMO, expeting it to break out to the upside.
Possible scalp on $GBPUSD price needs to hold above that level and give me bullish PA on LTF #FX
Price look pretty heavy and I didnt get the scenario I was looking for. If price closes below here and start to find resistance I’ll short it into April’s lows
Should price make its way back above support then I’ll stick to my first idea. As a day-trader I need to adapt with the market conditions and take what the market offers. Always have a plan B