BINANCE:CTSIUSDTPERP Idea based on bat harmonic pattern, risk:profit illogical and probable... you have to try it! Remember that securing profits is up to you!
After a big drop with big imbalances in the upper part, we can project a long from the daily order block, with the volume profile we can verify that at said level there is a large institutional volume, in addition, we can observe how the price has left liquidity to be taken and just before the order block we can notice an imbalance that must be filled, the target...
Alls premium area (1)long: golden pocket,val, imb 30sec (2)long: fibo 0.75, imb 30sec
Since the price lacks liquidity to take and above there is a lot, I can project a liquidity takeover that in turn would entail a break of bearish structure in high temporalities and with it a possible retreat to discounts to continue rising. Rsi closed above the orange level is a good confluence. Caution because even with this liquidity taking there is still a lot...
In 1-hour graphs we can appreciate the structure breakdown and with the help of a harmonic pattern bat projected a short with disability levels in the area of 0.745 Trust me!! Jjajajaj
Following the market structure we can appreciate a bullish BOS...the price went to taken liquidity under the lows and get ready to fly
Let me show you how not all indicators are too... to wait for a reaction, only a low Value area is enough if the price is falling or a high Value area if the price is rising. The risk benefit allows you to take such sniper entries. We made easy!!
If you think the price should fall... this should be your ticket!! disability levels in the area of 22.504 and in the area of 23.4 Always expect confirmations of BOS in lower structures and ideally enter the third continuous touch of the ob bass
In the graph we can see how the price has broken the bearish structure that it carried and with it we expected this retreat to continue rising, the touch in the red point was either the retreat that we expected or a liquidity point that will be taken in the future to enable the green rectangle as bullish. (1) Breaking this zone increases the odds that the price...
The price has just made a new bearish break in high temporalities, this may indicate that it wants to continue falling... this is why I can project a retreat to the marked levels to continue falling. Remember that it is always better to take 3 entries with adjusted Stop Loss and good risk management compared to 1 single entry and with stop loss giant. (1) Break...
In graphs of 4hrs we can see the drawing of a new minimum which leads me to think of a discount to continue falling, in minor temporalities the price has been breaking structure and has been positioned bullish, this entry is the confluence between a Bullish Ob and a Harmonic bat pattern. If it breaks down, it is important to keep an eye on the bottom green square....
Based on the fact that GBP/USD in 4Hrs charts maintains a bullish structure and has broken a bearish structure in a 1 hour timeframe, with the harmonic pattern plotted I can project a long to the area of 1.327...invalidity levels below 1.30592