Practicing smart money concepts a/u

9 Sep 2020

So here i have a retrace to the 7.8 and .72000 level. The idea is mainly about looking for the obvious. Thinking "where is everyone placing stop loss! The banks need liquidity to move. all that liquidity i am assuming was down around .72000. The 🔨 at 7.8 retrace and the wicking of the .72000 shows pretty good confluence, we could see 20 -30 pips to the upside tonight. I will be looking for price to go above the 50 ema and bounce. For my final confluence. The banks may wick the liquidity zone on the next 4 hr candle before going long. Sounds pretty good... we shall see😉