We have a Fair Value Gap that is presented to us in the form of a bullish $500 candle, where a portion of the candle's body has no exploratory wick or body from another immediate candle to balance price.
Note the liquidity in the form of buyside liquidity has been claimed also from the range high already.
We'd typically expect that with a range, that we alternate between range high and low for liquidity.
Are you struggling with understanding directional bias and how to plan your trades out?
"Eff me dead and bury me pregnant" you say, "how does he know that?"
Well, read on for a handy dandy pick me up if you've had a directionally biased arse whooping recently
- You've scanned a chart for donkey's years
- A you beaut entry is determined by thou
- Your arse is clenching as you squeeze the buy or sell trigger
- You think to yourself: This will be the move that establishes you as a trader...!
....and you get stopped out.
But why? Is this a contunuing trend that you find your self in?
How about you read the 7th word in this particular tweet.
You know the cliche saying - "The trend is your friend"