1. Bearish market (liquidity structures for a long time) 4h
2. In the setup we have : a) liquidity grab before CHOCH
b) Order block with imbalance and big candles cause the CHOCH
c) We also have internal liquidity as TL liq. being formed
The market want to grab liq formed , we have an indication of a potential reversal. The major timeframe presented a lot of liquidity being created for a long time now (4H). Inside our setup we have also liquidity being formed with a nice order block resting above.
The take profit can be taken like 1:4 or we can go further and try for example a 1:10 R:R , choose a level with FVG/IMB in the left and you have your target.
2. In the setup we have : a) liquidity grab before CHOCH
b) Order block with imbalance and big candles cause the CHOCH
c) We also have internal liquidity as TL liq. being formed
The market want to grab liq formed , we have an indication of a potential reversal. The major timeframe presented a lot of liquidity being created for a long time now (4H). Inside our setup we have also liquidity being formed with a nice order block resting above.
The take profit can be taken like 1:4 or we can go further and try for example a 1:10 R:R , choose a level with FVG/IMB in the left and you have your target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.