This is my first ever trade analysis after starting with my trading journey almost a year ago, so please bear with me.
As we can see, the price was in a ascending trendline, and after that, went immediately into a price consolidation.
Nomally, we would take a buy, but as we can see, there were some liquidity graps in the market. With that said, i anticipate the price making a fake-out and grabbing Liquidity, sitting at the price $11200,-, and then making the impulsive move back down to the target of $10800,-. So my take on the market, is to take a Sell Limit order at the price $11200,-
My take on the market
As we can see, the price was in a ascending trendline, and after that, went immediately into a price consolidation.
Nomally, we would take a buy, but as we can see, there were some liquidity graps in the market. With that said, i anticipate the price making a fake-out and grabbing Liquidity, sitting at the price $11200,-, and then making the impulsive move back down to the target of $10800,-. So my take on the market, is to take a Sell Limit order at the price $11200,-
My take on the market
