Entered a short on EUR/USD based on a multi-timeframe confluence.
Daily Chart: Friday closed with a strong bullish rally. On Monday, price pushed higher again but failed to hold gains, closing below Friday’s close — signaling potential exhaustion of buyers.
4H Chart: An inside bar formed during the Monday-Tuesday transition, signaling compression and potential breakout. This coincided with a visible liquidity spike, likely a false breakout.
1H Chart: A clear inside bar pattern developed following the liquidity sweep. I entered the short at the close of that hourly candle.
Targeting a 1:2 risk-to-reward or the next major liquidity grab zone — where we’d expect institutional stops to be clustered.
Daily Chart: Friday closed with a strong bullish rally. On Monday, price pushed higher again but failed to hold gains, closing below Friday’s close — signaling potential exhaustion of buyers.
4H Chart: An inside bar formed during the Monday-Tuesday transition, signaling compression and potential breakout. This coincided with a visible liquidity spike, likely a false breakout.
1H Chart: A clear inside bar pattern developed following the liquidity sweep. I entered the short at the close of that hourly candle.
Targeting a 1:2 risk-to-reward or the next major liquidity grab zone — where we’d expect institutional stops to be clustered.
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.
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.