In this strategy I look at the last 3 W candles and the structure confirms my conditions for CRT (candle range theory) .
Conditions:
1. Candle 1 sweeps a high from the past.
2. Candle 2 sweeps liquidity from candle 1 and closes with body in first candle.
3. Key level - this happens in an bearish OB .
Enter at 22.720 (on candle 3 in W TF), when we sweep H4 liquidity, SL at candle 2 high, Tp1 in 50% of candle 1 range.
Conditions:
1. Candle 1 sweeps a high from the past.
2. Candle 2 sweeps liquidity from candle 1 and closes with body in first candle.
3. Key level - this happens in an bearish OB .
Enter at 22.720 (on candle 3 in W TF), when we sweep H4 liquidity, SL at candle 2 high, Tp1 in 50% of candle 1 range.
Note
It makes HH and HL on hourly TF...so for me no entry !
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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.