not shown in this image is the weekly time frame which current candle (June 16th 2023) has raided previous weekly low and stay above the support.
In the daily chart we can see a green candle is traded above previous low candle (June 13th 2023), that suggest there is a possibility to trade higher.
Zoom into hourly chart, it is clearly a setup that starts with a down candle that swipe below previous low time frame support that was overwhelmed by a big green candle upwards leaving behind the FVG (blue box)
TRADE ENTRY
1. the HIGH to OPEN of a green candle (breaker candle) before the down candle which I have noted with an arrow sign conflens with fibo discount
2. Target would be daily Void Above (the green zone/box) in the first picture
In the daily chart we can see a green candle is traded above previous low candle (June 13th 2023), that suggest there is a possibility to trade higher.
Zoom into hourly chart, it is clearly a setup that starts with a down candle that swipe below previous low time frame support that was overwhelmed by a big green candle upwards leaving behind the FVG (blue box)
TRADE ENTRY
1. the HIGH to OPEN of a green candle (breaker candle) before the down candle which I have noted with an arrow sign conflens with fibo discount
2. Target would be daily Void Above (the green zone/box) in the first picture
Trade closed: target reached:
done for this trade
closed
closed