Daily : bearish bias with price swiped previous day high and closed below previous daily high which confluences with closing the void depicted in red box
in 1 hour TF as we can see "Change of character" with imbalance after swiping the liquidity above which signal us that the price will go down.
Conclusion: we go short
how low can we go?
for this trade I only took 3.2R and doesn't mind whether it goes below more into "blue box" seen in daily TF. 3 R is enough
in 1 hour TF as we can see "Change of character" with imbalance after swiping the liquidity above which signal us that the price will go down.
Conclusion: we go short
how low can we go?
for this trade I only took 3.2R and doesn't mind whether it goes below more into "blue box" seen in daily TF. 3 R is enough
Trade closed: target reached
done for this tradethanks all
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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.