On this USDCHF bullish setup, the confluences for it are-
1) Market Structure-BoS
2) Demand
3) Imbalance
4) Liquidity
If price is able to successfully retrace to my POI demand zone, I’ll head down ti the lower/entry timeframes of 15mins-3mins to identify a confirmation entry ChoCh, then identify my entry point on it which is either an Order-Block(demand) or a breaker-block, imbalance, liquidity or an order-block(demand) or a breaker block, imbalance. If identified correctly I’ll have my orders placed and target a maximum 1:3rr as profit target.
Note: the market is all about probabilities which also makes my analysis a probability.
1) Market Structure-BoS
2) Demand
3) Imbalance
4) Liquidity
If price is able to successfully retrace to my POI demand zone, I’ll head down ti the lower/entry timeframes of 15mins-3mins to identify a confirmation entry ChoCh, then identify my entry point on it which is either an Order-Block(demand) or a breaker-block, imbalance, liquidity or an order-block(demand) or a breaker block, imbalance. If identified correctly I’ll have my orders placed and target a maximum 1:3rr as profit target.
Note: the market is all about probabilities which also makes my analysis a probability.
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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.