What’s good guys…
Ok so here is another example…
The charts provided are the before and afters of the drop from bitcoin earlier today…
My thought process:
If you explore the image with the volume profile attached to it…You can see that the day’s point of control was acting as a resistance…
I place my entry on the assumption that the retrace was going finalized at that point, however, i allowed my risk to factor in a move directly back to the 50 ema on the 5 minute time frame. I have attached the 5minute and the 15m time frame…
When you go to the 5minute chart, have you noticed the trade i took earlier showed exactly the same situation…Notice how on the development of the pattern that volume disappears on the retrace back towards the 50 on the 5 minute chart?
These are the subtle clues to look for when aiming to the scalp.
Zone in on this trade guys, the same thing happens over and over again…
P.s I have uploaded a couple of videos on the shorts section of the website.
Mad Love
T
