To the upside - for shorts I like the 4 hr Order Block lining up with the point of control level which is a very high time frame point of control. If we claim that i will be looking for further upside.
To the downside, for a scalp long trade i like the idea of a local range deviation into this fibonnaci pocket which also lines up with the swing low from the 15th June. I will enter this trade based off order flow, i want to see aggression into the level with liquidations, Quick tape profit and move stop loss to entry.
For a potential day/swing trade, below the big wick we made, we have the high time frame Value area low - this is also a massive monthly s/r zone.
To the downside, for a scalp long trade i like the idea of a local range deviation into this fibonnaci pocket which also lines up with the swing low from the 15th June. I will enter this trade based off order flow, i want to see aggression into the level with liquidations, Quick tape profit and move stop loss to entry.
For a potential day/swing trade, below the big wick we made, we have the high time frame Value area low - this is also a massive monthly s/r zone.
Trade active
Price came into our short zone - This should be a nice take profit area right now as we are at a local inefficiency pocket. I Have moved stop to entry also.Note
Another take profit on this short now - 7% up currentlyNote
price came into our first long zone reacting nicely
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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.