Trade Confirmation :
1. Bearish Order-Flow
2. Market retraced to the supply zone with the help of previous demand, which is liquidity now
3. Tapped into the premium supply zone
4. M5 CHoCH to the downside
5. Previous high reacted as an Inducement
6. Entered in the supply tap
The only thing that is concerning the trade is market tapped into the 15m support trend-line. Once the trend-line is taken out with the strong bearish candle closure, that can add an confluence to the trade.
Thanks for the time..
1. Bearish Order-Flow
2. Market retraced to the supply zone with the help of previous demand, which is liquidity now
3. Tapped into the premium supply zone
4. M5 CHoCH to the downside
5. Previous high reacted as an Inducement
6. Entered in the supply tap
The only thing that is concerning the trade is market tapped into the 15m support trend-line. Once the trend-line is taken out with the strong bearish candle closure, that can add an confluence to the trade.
Thanks for the time..
Trade active
The market has successfully hit the BE point and also broken the 15m trend-line. Now I'm moving my SL above the recent supply range. Let's hope the market moves in our favour-even if it doesn't, I've secured the position.Trade closed manually
The market tapped into the 15m FVG and formed a build-up on the lower time frame. Currently, the price is pushing towards the supply zone.I've already closed my position at BE with a +2R, but I still expect the price to move downward, as the trend and liquidity are clearly to the downside. Even if the market pumps, it needs to take out the 4H ERL (External Range Liquidity) and then show a CHoCH to the upside.
Let’s see how the price reacts and plan the trades accordingly.
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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.