Trade explanation and more downside expected

2024年11月13日

Hi traders, welcome to this trade breakdown. Its situation has played out and I traded with decent gains. I'm still in the position and I expect more downside coming however my TP is in the 50% of the CLS range.

The goal of this post is to show you briefly my unique method of reading the market by understanding CLS.
Let's put it all together 🧩

Follow me I will be posting more educational posts like this one and don't hesitate to ask with any questions in the comment.

📍HTF Level - Weekly breaker / FVG

📍Range created, 2nd candle manipulated to the HTF level and closed inside the range.

📍The third weekly candle retested the 50% of the wick there I entered at 199.148 - the candle closed inside the range which is another confirmation.

📍4th week opened and retested the range with manipulation above the Asia session.

At this moment, I took partial profit and SL is on the break even.

📍HTF view



What is CLS?
You may never hear about them.
Just find out about them on Google or their website. This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are simply market maker.


I hope this educational post helps you at least briefly understand my method.

Dave FX Hunter

2024年11月17日

註釋

Target reached !!

2024年11月17日

註釋

CLS range accurate levels !!