EURGBP: Head & Shoulders Trap ðĻ
Don't trade the head and shoulders pattern the retail way, trade it the smart money way.
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If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance.
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When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of demand to buy from.
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If you locate the correct demand, you can buy into seller stop losses and profit both ways.
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This is a great example of manipulation ð
I will be joining buyers at the next demand.
â
If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance.
â
When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of demand to buy from.
â
If you locate the correct demand, you can buy into seller stop losses and profit both ways.
â
This is a great example of manipulation ð
I will be joining buyers at the next demand.
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