1. The market has been making higher highs and higher lows, so this indicates bullish nature and uptrend
2. Trend is always your friend, so look for opportunities on the upside
3. The price has also been travelling in a channel, don't trade immediately after the breakout because there will be high liquidity in those areas where a lot of buyers and sellers will be waiting there
4. So, institutions might use those high liquidity zones to trap retail trades and send the market in the opposite direction
5. The previous day low and the previous day highs are also marked, these are the areas where there is a high chance of fake breakouts and traps, trade cautiously
6. As the trend is uptrend sellers and early buyers might be trapped in these liquidity areas
Trade with Caution!
Have a profitable Trading!
2. Trend is always your friend, so look for opportunities on the upside
3. The price has also been travelling in a channel, don't trade immediately after the breakout because there will be high liquidity in those areas where a lot of buyers and sellers will be waiting there
4. So, institutions might use those high liquidity zones to trap retail trades and send the market in the opposite direction
5. The previous day low and the previous day highs are also marked, these are the areas where there is a high chance of fake breakouts and traps, trade cautiously
6. As the trend is uptrend sellers and early buyers might be trapped in these liquidity areas
Trade with Caution!
Have a profitable Trading!