Idea Overview:
The market has completed a Fair Value Gap (FVG) fill on the 4-hour chart, signaling a potential opportunity to go long, aligned with the primary bullish trend on the daily timeframe. Our strategy focuses on targeting the previous resistance level as the initial objective, followed by a slightly higher zone where future liquidity may reside before a potential trend reversal.
Strategy Details:
Primary Trend: The daily timeframe confirms a bullish trend, supporting long positions.
Fair Value Gap (FVG): The 4-hour FVG provides an optimal entry zone, pending momentum confirmation.
Initial Target: The nearest prior resistance level is identified as the first take-profit area.
Extended Target: A liquidity-rich zone slightly above the resistance, anticipating price action to absorb liquidity before any significant reversal.
Key Notes:
Momentum Confirmation: Wait for clear momentum signals before entering.
Risk Management: Place stop-losses strategically below the FVG zone or recent swing lows.
Confluence: Monitor volume and market sentiment for additional validation.
Let’s discuss this idea and refine it further together—share your insights below!
The market has completed a Fair Value Gap (FVG) fill on the 4-hour chart, signaling a potential opportunity to go long, aligned with the primary bullish trend on the daily timeframe. Our strategy focuses on targeting the previous resistance level as the initial objective, followed by a slightly higher zone where future liquidity may reside before a potential trend reversal.
Strategy Details:
Primary Trend: The daily timeframe confirms a bullish trend, supporting long positions.
Fair Value Gap (FVG): The 4-hour FVG provides an optimal entry zone, pending momentum confirmation.
Initial Target: The nearest prior resistance level is identified as the first take-profit area.
Extended Target: A liquidity-rich zone slightly above the resistance, anticipating price action to absorb liquidity before any significant reversal.
Key Notes:
Momentum Confirmation: Wait for clear momentum signals before entering.
Risk Management: Place stop-losses strategically below the FVG zone or recent swing lows.
Confluence: Monitor volume and market sentiment for additional validation.
Let’s discuss this idea and refine it further together—share your insights below!
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.