[Indepth analysis]Trading plan for next week - accumulate longs.
Updated
Trading plan for next week - accumulate longs.
#1 Wednesday to Friday - EVERY! daily candle closed above previous daily candle lows. This generates a lot of bullish bias. Signs of accumulation!
#2 Beware of liquidity sweep! Enter liquidity pools!
#3 The 3 arrows represent conservative to extreme scenarios of how the market will accumulate liquidity before a breakout above the highs.
3.1 High chance targets
-the July 6 Order block (red horizontal line)
-low of the 4hr candle(white line named "$$$ target 4hr liquidity.)
3.2 Good probability target
-Previous week low.
3.3 Low probability target
-Yellow Horizontal Line (Monthly Sell Side Liquidity/Monthly Low)
Set Up.
Entries
1. top of 4hr OB/4hr candle Low.
2. Equilibrium of 4hr OB/Previous week low.
Stops
1. Below Monthly sell-side liquidity
2. Equilibrium of the weekly fvg
3. Around the long-term trendline (from November 21, 2022)
Sidenote: Friday's price action broke the structure. Pulled back to 4hr fvg then the price declined as the market closed.
See the link below regarding dollar analysis.
#1 Wednesday to Friday - EVERY! daily candle closed above previous daily candle lows. This generates a lot of bullish bias. Signs of accumulation!
#2 Beware of liquidity sweep! Enter liquidity pools!
#3 The 3 arrows represent conservative to extreme scenarios of how the market will accumulate liquidity before a breakout above the highs.
3.1 High chance targets
-the July 6 Order block (red horizontal line)
-low of the 4hr candle(white line named "$$$ target 4hr liquidity.)
3.2 Good probability target
-Previous week low.
3.3 Low probability target
-Yellow Horizontal Line (Monthly Sell Side Liquidity/Monthly Low)
Set Up.
Entries
1. top of 4hr OB/4hr candle Low.
2. Equilibrium of 4hr OB/Previous week low.
Stops
1. Below Monthly sell-side liquidity
2. Equilibrium of the weekly fvg
3. Around the long-term trendline (from November 21, 2022)
Sidenote: Friday's price action broke the structure. Pulled back to 4hr fvg then the price declined as the market closed.
See the link below regarding dollar analysis.
Note
![[Alert]Bears in control! - Full analysis](https://s3.tradingview.com/h/h8VsJs3k_mid.png)
Note
We are not going to breakout below 1.08 without taking liquidity above the recent highs.
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