How Do You Trade Liquidity Sweep Traps Formed Outside Equal Highs and Lows?
Equal Highs (EQH) and Equal Lows (EQL) act as major magnets for retail stop-loss orders. When price aggressively sweeps these liquidity pools and closes back inside the range, do you enter immediately on a limit order, or do you wait for a structural Change of Character (ChoCh) on the 1-minute or 3-minute timeframe?