CADJPY Short Scalp Idea
I spotted a nice trade according to my usual rules. Here are some confluences that influenced the trade:
1. A recent close of a market maker model may indicate that large players might want to start taking profits from their positions, therefore this is a good confluence for a reversal.
2. I really like the fact that the target liquidity is a good distance away, giving the price a lot of room to fly.
3. A market structure shift may signal the beginning of a trend change.
4. There is a fair value gap that precedes the market structure shift, which shows just how strongly the price wants to reverse.
1. A recent close of a market maker model may indicate that large players might want to start taking profits from their positions, therefore this is a good confluence for a reversal.
2. I really like the fact that the target liquidity is a good distance away, giving the price a lot of room to fly.
3. A market structure shift may signal the beginning of a trend change.
4. There is a fair value gap that precedes the market structure shift, which shows just how strongly the price wants to reverse.
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Unfortunately the expected reversal was halted for some reason and price remained bullish. But the setup was great in my opinion especially because the market maker model close aligned with a stop hunt of previous day high, so I was really confident of a reversal here. Anyways, very unfortunate but this is a setup I would take all the time without hesitation.Nota
And if you are scalping always remember to close your trades before market close at midnight to avoid the high spread.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.