My short idea what I am waiting for. I will execute this trade only if I see the confirmation entry on LTF (1m and 5m). So will see.
Globaly we are in downtrend. The price goes to test previous high and probably take the liquidity. So I have 2 potensial entry, depends do we take the lq or not.
The price firstly has to fill the impalance and than get a reaction to OB before going up. Let's see.
sweep the lq of previous daily high. Expecting price flow down at least to test OB at 0.0527
We come to the point area of interest. Expecting reaction from this POI and reach the target of swing high.
The main pupose of this long idea is that on higher TF we are going up. The structure shows uptrend. BOS formed on June 16th 2022. No reason to go down for now, SL is save. But be honestly what is going on with dollar fundamentaly makes this trade really unpredictable at any moment. Anyway, we trade the high probability setups. Not random.
Solana is in the downtrend. After break of structure we are going to the POI zone and LQ. Once the price rich this zone we'll see reversal with high propability to go short. But if the price sweep liquidity this trade hit SL but we can re-entre one more afret engulfing.
- The trend is bullish - 4H structure shows us nice breaks of strucrure. - the last BOS was formed by impulsive move and create an OB, now the price is going to the POI zone. Very nice idea for me to take long. It's not a signal or something else. I just share my idea.
1D - engulfing 1H - BOS Full field the inefficiency Going to POI, after that might be looking for shot situation based on all the facts above.
Weekly. daily and 4H are on downtrend We have riched the POI zone. It's not a perfect entry because I didn't wait for it. Higher risk but I use 2 stops (see on the screenshot)