ERL
♻️ IRL
ERL vs IRL Explained
Master Where & How to Trade
By ICT SILVER EDGE
What is ERL
(External Range Liquidity)
ERL (External Range Liquidity) is the liquidity resting above highs
or below lows of a range, where price often reaches to take out
stops before reversing.
Components of ERL
Equal highs / equal lows
Previous day’s high or low
Weekly or daily liquidity pools
Major swing highs and lows
Side note:
ERL shows where stops get hunted before a move starts.
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What is IRL
(Internal Range Liquidity)
IRL (Internal Range Liquidity) is the liquidity found inside a range,
typically around internal highs and lows, where price retraces before
continuing its main move.
Components of IRL
Internal highs and lows within a range
Fair Value Gaps (FVGs)
Equillibrium (50% of dealing range)
Order Blocks (OBs)
Breaker Blocks (BBs)
Mitigation Blocks (MBs)
Low resistance liquidity
Side note:
OBs, MBs, and BBs often serve as IRL zones where price grabs
internal liquidity before resuming its move.
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Where and How to Enter
💎
Bonus
For high probability trades, watch price move from IRL to ERL to
catch the main directional move
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