Considering the confluence of resistance at these levels, shorting seems to offer a great R/R.
1. Signs of weakness are present in LTF: Bear divergences in 3H, 2H, 1H/ Triple tap into resistance in 15Min/30Min.
2. The liquidation map shows heavy longs at these levels, so a lot of liquidity lies at FVGs down below at critical support zones, which line up with the golden pocket.
Red: of weekly significance
Blue: of daily significance
1. Signs of weakness are present in LTF: Bear divergences in 3H, 2H, 1H/ Triple tap into resistance in 15Min/30Min.
2. The liquidation map shows heavy longs at these levels, so a lot of liquidity lies at FVGs down below at critical support zones, which line up with the golden pocket.
Red: of weekly significance
Blue: of daily significance
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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.