Below mentioned is only for educational purpose and is not a financial advise.
The price took out the liquidity resting above the previous swing high and very rapidly moved towards the down side taking out all the liquidity resting below and still moving down.
Here we can utilize on both the sides. If the price decides to move from the current place and reaches 5 mins OB resting in 4 HR bearish FVG, wait for a 5 mins bearish choch retest and pair it with one more confirmation before entering short positions targeting the Liquidities price creates while moving up.
If the price pushes further down then we can capitalize on bullish trend on 1 day and 4 HR time frame. Let the price tap into 1HR OB resting in 4 HR FVG before giving a choch on 15 mins time frame, retest and bulling engulfing on 5 mins time frame will align 1 day, 4 HRS AND 15 MINS on bullish trend and from here we can ride on bullish trend targeting 3336, 3375 and 3402.
Use proper risk management and trade wisely. Keep learning.
The price took out the liquidity resting above the previous swing high and very rapidly moved towards the down side taking out all the liquidity resting below and still moving down.
Here we can utilize on both the sides. If the price decides to move from the current place and reaches 5 mins OB resting in 4 HR bearish FVG, wait for a 5 mins bearish choch retest and pair it with one more confirmation before entering short positions targeting the Liquidities price creates while moving up.
If the price pushes further down then we can capitalize on bullish trend on 1 day and 4 HR time frame. Let the price tap into 1HR OB resting in 4 HR FVG before giving a choch on 15 mins time frame, retest and bulling engulfing on 5 mins time frame will align 1 day, 4 HRS AND 15 MINS on bullish trend and from here we can ride on bullish trend targeting 3336, 3375 and 3402.
Use proper risk management and trade wisely. Keep learning.
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.