This is a position add to the existing EURGBP SELL trade here.
Flow Assessment
- Structural down flow with LLs and LHs
Location Assessment
- Price has come back to a critical level where previous volatile reactions happened around, making it a good area to look for sells
Momentum Assessment
- Buyers suddenly shot up right into the key level with high volatility. But this is suspicious because the original buyers did not show this much strength or volatility.
- This makes us suspect that it is a trap, specifically a liquidity and stop hunt to accumulate more sell orders, making it a fantastic entry trigger
