Context:
• Monthly Rejection confirmed
• Weekly build a RBD with FVGs
• Daily consolidated for 3 days below Swing Low and left that base
Idea:
• Short on 4h-Supply
Entry Area:
• 0.9642 - 0.9670
Entry Signal:
Two options
• LMT on 4h Supply
• Reversal on lower timeframe like 1h
Stop:
• Above Supply or entry setup
Target:
• 0.9565 (last bullish montly candle low)
Scenario invalidated:
• Bullish Reversal into breakout-Range, i.e. above 0.967
• If we build up momentum and create another base → would be new scneraio
Please feel free to comment!
• Monthly Rejection confirmed
• Weekly build a RBD with FVGs
• Daily consolidated for 3 days below Swing Low and left that base
Idea:
• Short on 4h-Supply
Entry Area:
• 0.9642 - 0.9670
Entry Signal:
Two options
• LMT on 4h Supply
• Reversal on lower timeframe like 1h
Stop:
• Above Supply or entry setup
Target:
• 0.9565 (last bullish montly candle low)
Scenario invalidated:
• Bullish Reversal into breakout-Range, i.e. above 0.967
• If we build up momentum and create another base → would be new scneraio
Please feel free to comment!
Trade active
I took the 4h Supply, BE now: We do not want a 4h-Close above the previous low from mondayTrade closed: stop reached
BE Stop
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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.