New Zealand Dollar/Swiss FrancEducation
Learning Parallel Channel Traps
Sometimes we can get so caught up in the fear of missing out on the breakout that we forget it could be a trap.
It is always crucial to listen to your intuition when you see these easy setups because more often than not they are more complex than they seem.
In this example, a breakout occurred and buyers put stops below the last structure, a few days later this structure got raided for liquidity.
Once the liquidity was gathered we began to see the true move to the upside.
Do you see this often in the markets?
It is always crucial to listen to your intuition when you see these easy setups because more often than not they are more complex than they seem.
In this example, a breakout occurred and buyers put stops below the last structure, a few days later this structure got raided for liquidity.
Once the liquidity was gathered we began to see the true move to the upside.
Do you see this often in the markets?
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.