- Price begins by forming a bullish imbalance
- Price creates buy-side liquidity (BSL) and then proceeds to clear this liquidity upwards
- Price then clears the lows of BSL, creating a change of character (CHoCH)
- Price proceeds downwards, then mitigates the 30m FVG
- After mitigating the small FVG, price wicks down, creating equal lows ($$$)
- Price then drives back up after claiming internal liquidity (L)
- We expect price to retrace back to supply and this is where we look for shorts as all of our confluences align
- SL is set to a few points above the supply zone with TP set to the bottom of the upwards retracement
- Price creates buy-side liquidity (BSL) and then proceeds to clear this liquidity upwards
- Price then clears the lows of BSL, creating a change of character (CHoCH)
- Price proceeds downwards, then mitigates the 30m FVG
- After mitigating the small FVG, price wicks down, creating equal lows ($$$)
- Price then drives back up after claiming internal liquidity (L)
- We expect price to retrace back to supply and this is where we look for shorts as all of our confluences align
- SL is set to a few points above the supply zone with TP set to the bottom of the upwards retracement