Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
Breakdown of footprint Trade (AUDUSD)
Australian Dollar / U.S. Dollar
Breakdown of footprint Trade (AUDUSD)
By DeltaDiamond
Follow
Follow
May 9
7
May 9
What stands on the chart? And how to use it to your benefit.
Total volume order at the low of candle.
Is a strong indication o ‘’sell side’’ reversal.
Total of orders at that exact point was 3.076K
Buyers starting taking control.
we can see that the poc (place of control)
area where buyers step the
first foot in the market
Strong point of buy side orders 1.889K
Sell side started pushing in.
You can see the results on the next candle.
Buyers buy back up. A big wick is a sign of buy side liquidity buying back up against sell side liquidity
Sellers and buyers started consolidating
Before buyers came out on top.
But now the liquidity seems to be switching over.
Buy side liquid started stepping in on the 4hour chart
We already had a full planned out trade. This footprint chart was just another confirmation. Of what we were already expecting from price.
Technical Indicators
Trend Analysis
DeltaDiamond
Follow
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.