The same old story unfolds again and again. In the AUDUSD chart, the white line marked the sell stops before they were taken out. The blue line marked the buy stops above. Yesterday after the stop run I placed a long trade but took profit too early. MM might be aiming for those buy stops above. Price might reach the level around 0.69450. I'm just not sure. 0.69250 looks to be a more likely target.
The blue line is not at a swing point. How do I know there are buy stops there ? Well, my orderbook tool shows it. My tool is not so good/ reliable as that of Fractalfreak. I only use it as an assisting tool.
The blue line is not at a swing point. How do I know there are buy stops there ? Well, my orderbook tool shows it. My tool is not so good/ reliable as that of Fractalfreak. I only use it as an assisting tool.