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Three Tap Setup
One of the easier setups to spot and play after identifying your range. This setup is tailored around trapping breakout traders and forming a base to retest at a later date
1. Swing Point forms
2. Swing Point Swept/Deviate
3. Retest
Enjoy!
Three Tap Setup
One of the easier setups to spot and play after identifying your range. This setup is tailored around trapping breakout traders and forming a base to retest at a later date
1. Swing Point forms
2. Swing Point Swept/Deviate
3. Retest
Enjoy!
2/4
Examples + Rant:
When price reaches a formed swing point in a range its common to get "bearish at demand" and "bullish at supply"
Those expecting a break will enter a breakout trade ultimately getting trapped as we return to the level the trap started at a later date.
Examples + Rant:
When price reaches a formed swing point in a range its common to get "bearish at demand" and "bullish at supply"
Those expecting a break will enter a breakout trade ultimately getting trapped as we return to the level the trap started at a later date.
3/3
Conclusion:
The market revolves around liquidity moving from low to high and vice versa running stops on both ends.
Its good to enter the market at the extremes:
The area buyers stepped in and the area sellers stepped in.
Conclusion:
The market revolves around liquidity moving from low to high and vice versa running stops on both ends.
Its good to enter the market at the extremes:
The area buyers stepped in and the area sellers stepped in.
