Good afternoon all?
So…the image above just shows you the importance of establishing and waiting for the fake attempt from the MM when it comes to the psy ranges.
Our “Price Structure” Chart is the representation of how the MM really traps traders.
You see, price action is dropping and making its way towards the previous vectors on the 5m time frame.
I would like to know if anyone managed to exploit the scenario above utilising the “Price Structure” principle.
NOTE: the fact the psy ranges are close together, be cautious running shorts once price is at the psy low. Price may retrace slightly.
Will be checking in with you guys later.