Beautiful trading day today, we took a beautiful short thanks to our model playing out to the tee.
We have been trading in a tight range for a good few days and had finally broken our of it
The price leg we have been following that led us to taking the short began when price initially started breaking out of the range by first purging sell-side liquidity on the HTF.. shortly after this we witnessed price push up, breaking a previous lower high and thus created the FVG. We then waited for price to trade back into the FVG and went long once it did. We managed to capture the maximum movement and exited our longs once we then traded to the high of the range denoted with the bold white doted line.
After the highs were tapped into, as per our trading model, we waited for price to displace to the downside, forming the FVG(mon 2pm). We then waited for price to trade back into the FVG(tues 3am) then went short targeting a FVG that had formed on the daily timeframe.
Beautiful textbook trade. External sell-side liquidity was taken first, the algorithm then started hunting internal buy-side liquidity until it tapped into external buy-side liquidity, we now anticipate price to then switch bearish and continue hunting for internal sell- side liquidity .
We will be investigating further to see what does price do
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