Liquidity Grab on PEL
Updated
As the Market Improves and gives a bullish sentiment, PEL has formed a beautiful bear trap and gives a long possibility once the support zone is re entered.
Liquidity Grap- Is a smart money concept similar to stop loss hunting where the market gives a fake breakdown on low volume or a bad spread candle as visible here. The stops of many retail traders are hit as the market bounces back and takes off
Entry at 800
Target at 897
Stop loss 761
Keep It Simple
Liquidity Grap- Is a smart money concept similar to stop loss hunting where the market gives a fake breakdown on low volume or a bad spread candle as visible here. The stops of many retail traders are hit as the market bounces back and takes off
Entry at 800
Target at 897
Stop loss 761
Keep It Simple
Note
Trade was not activatedNote
Trade Entry never hit
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