AUD/JPY - How to avoid False Breakouts by MM's
As we can see, price was moving towards 76.000 psychological level, where previously price respected it!
It was very obvious level, where many Retail Traders would open sell position as soon as price have touched resistance level, or breakout traders would put their Long pending orders above the resistance zone!
As this was very obvious levels where retail traders would open positions, therefore Market Makers used that opportunity and kicked traders out of trade...
To avoid this Market Makers move, all we need to do is to use Volume, with Volume we can indicate that market makers have pushed the price higher!
How? Basically when price is at such Obvious levels (Supply, Demand) watch for breakouts, and usually breakout candles volume, if its low, don't open any positions, wait when price will reverse (that's what usually happens), and then look for Sell/Buy opportunity! After that, your trade will be less risky, as you have avoided this market makers move...
It was very obvious level, where many Retail Traders would open sell position as soon as price have touched resistance level, or breakout traders would put their Long pending orders above the resistance zone!
As this was very obvious levels where retail traders would open positions, therefore Market Makers used that opportunity and kicked traders out of trade...
To avoid this Market Makers move, all we need to do is to use Volume, with Volume we can indicate that market makers have pushed the price higher!
How? Basically when price is at such Obvious levels (Supply, Demand) watch for breakouts, and usually breakout candles volume, if its low, don't open any positions, wait when price will reverse (that's what usually happens), and then look for Sell/Buy opportunity! After that, your trade will be less risky, as you have avoided this market makers move...
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