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Well Played Gbp Short!

Monday, September 23, 2019 4:07

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Market Maker Manipulation Text Book!!

They plan to to hit the Target Zone and what they did was a text book manipulation to the Core.

Asia Session create a fake bull run
Reverse before the West Market open. Not many retail traders ride the price move from the high of the day
Fake bull run on London open make a double top on 1 minute chart
Ride all the way to the Fat Juicy Target Zone

Here is some simple strategy to counter these manipulation:

Asia Session rarely to change direction three times in one day. Usually there is Whipsawed, Range, and One Way. Like today it is Range Market aka. Two Ways. So what happened when price reverse near or when West Market open is the true direction.
If we missed the high of the day which is happen on Asia Session then we can wait Euro or London open for retracement.
Check the ADR if there is enough fuel to ride the price at the Destination Place.
A nice 32 pips today. Quick and Clean.

What is important:

TARGET…TARGET…TARGET is most important. With target you can Money Management the trade depends on the entry.

Any entry will give profit if target is HIT. But best entry might become losses if the Target is not credible.

Source: http://priceactionpattern.blogspot.com/2019/09/well-played-gbp-short.html

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