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Misspipsy
Mar 11, 2022 8:35 AM

Eurchf Seeking new highs Long

EUR/CHFOANDA

Description

This is Daily and 30m ECHF.
It clearly shows it tapped into a Daily FairValueGap of Feb 2016, which also was a really important price level which was Parity ( 1:1 ) 1.00


Now zooming in to the 15M (
) we can clearly see a MarketStructureBreak of the last lower high which made the Lower low which tapped into the Feb 2016 POI / FVG

It left a 1H FVG which is also a order block and is around the 61.8 retracement.
That 61.8 area is also a last res/sup area of that internal swing.

Now we determined our entry, zooming out on 1H (
)
we would be looking for targets.
Price left some liquidity area's on the 1 H, but most important are the FVG area's which were left behind in the prior push down.

A Major FVG/Imbalance area left behind can be found in 1 specific area, which contains:
1M imbalance ( MAIN FVG )
Daily imbalance
4H imbalance
these can be found here:


And leat but not least, there are 2 1hr imbalances/FVG area's within that monthly area which can be found here:


Im targetting the lower area to be tapped first.
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