[Liquidity hunting targets strategy].........
in this strategy we basically use trendlines and horizantal lines,as sopport and
resisrance levels. when market breaks a SnR level OR Tendline for first time see it
carefully and second time when it breaks it you can buy/Sell for 5 minutes expiry
(1 min timeframe)............
LOGIC BEHIND THIS:-
When market breaks the snr level or trend line and
again enters in that zone.It means that there were some stoplosses of new
traders.As,you know market moves in direction of stoplosses first to hunt them
and that is the point which is called liquidit point (from where buyers and selllers
enter in market). Market first hunt their stoplosses tends to move in ther
predicted direction.At firsttime when market breaked out it showed fake breakout
when all new traders made enteries and dropped their stoplosses on snr level or
some points up/down from that. Market will come back to hunt stoplosses(for 5
min). Then it will go back. so we should remember that we have to take entery on
right time.
note:-
snr or trend lines ahould be drawn
from highest wicks...................
Drawing SnR levels........