Market Context:
The chart indicates a potential liquidity grab below the $2,700 level, targeting sell-side liquidity.
A clear 1-hour Order Block (OB) at $2,694–$2,696 is anticipated to act as a demand zone.
The bullish target is set to reclaim the Asian High at $2,717 after the anticipated reaction from the OB.
Key Levels:
Liquidity Sweep: Below $2,700, where price may clear stops and activate pending buy orders.
Demand Zone: 1-hour OB at $2,694–$2,696.
Bullish Target: The Asian High at $2,717, which aligns with the next liquidity zone.
Final Target: Previous High at $2,725.74, marking a major resistance level.
Technical Confluences:
Liquidity Engineering: Price has formed relatively equal lows near $2,700, creating an attractive level for liquidity grabs before a bullish move.
1-Hour OB as Demand: The 1-hour OB coincides with previous price inefficiencies, making it a high-probability area for bullish reactions.
Choch (Change of Character): A potential reversal in market structure is expected once the price reacts bullishly from the OB.
Execution Plan:
Entry: Place buy limit orders within the $2,694–$2,696 1-hour OB.
Stop Loss (SL): Below the OB at $2,692.00 to account for potential wicks.
Take Profit (TP):
Primary TP: $2,717 (Asian High).
Secondary TP: $2,725.74 (previous high).
Market Expectations:
Price is likely to sweep liquidity below $2,700, tap the 1-hour OB, and begin a bullish rally.
Confirmation for the move can be observed through bullish engulfing candles or a break of the immediate lower-high structure.
Monitoring the reaction at the OB is crucial to validate the bullish bias.
This setup offers a high reward-to-risk opportunity, targeting key liquidity zones while respecting price structure.
The chart indicates a potential liquidity grab below the $2,700 level, targeting sell-side liquidity.
A clear 1-hour Order Block (OB) at $2,694–$2,696 is anticipated to act as a demand zone.
The bullish target is set to reclaim the Asian High at $2,717 after the anticipated reaction from the OB.
Key Levels:
Liquidity Sweep: Below $2,700, where price may clear stops and activate pending buy orders.
Demand Zone: 1-hour OB at $2,694–$2,696.
Bullish Target: The Asian High at $2,717, which aligns with the next liquidity zone.
Final Target: Previous High at $2,725.74, marking a major resistance level.
Technical Confluences:
Liquidity Engineering: Price has formed relatively equal lows near $2,700, creating an attractive level for liquidity grabs before a bullish move.
1-Hour OB as Demand: The 1-hour OB coincides with previous price inefficiencies, making it a high-probability area for bullish reactions.
Choch (Change of Character): A potential reversal in market structure is expected once the price reacts bullishly from the OB.
Execution Plan:
Entry: Place buy limit orders within the $2,694–$2,696 1-hour OB.
Stop Loss (SL): Below the OB at $2,692.00 to account for potential wicks.
Take Profit (TP):
Primary TP: $2,717 (Asian High).
Secondary TP: $2,725.74 (previous high).
Market Expectations:
Price is likely to sweep liquidity below $2,700, tap the 1-hour OB, and begin a bullish rally.
Confirmation for the move can be observed through bullish engulfing candles or a break of the immediate lower-high structure.
Monitoring the reaction at the OB is crucial to validate the bullish bias.
This setup offers a high reward-to-risk opportunity, targeting key liquidity zones while respecting price structure.
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.