In the previous day candle, liquidity was swept at the swing low, and the market subsequently moved upward. On the 15-minute timeframe, a clear order block and inducement were identified. The order block was marked, and we awaited a change of character (CHoCH) confirmation for a valid entry signal. After the CHoCH confirmation, an entry was executed within the 15-minute order block. The target was set at the Previous Day High (PDH), while the stop loss was placed at the Previous Day Low (PDL), the area where the liquidity sweep occurred.
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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.