I enjoy trading GER40, especially during the London session, where we consistently see a phase of manipulation followed by a clean move toward the target. At the moment, the structure is showing a similar pattern.
Although the HTF suggests a broader correction toward the 22,000 area, I’m looking for a short-term setup for next week.
My scenarios:
1) Primary scenario:
A move lower into the first Daily FVG, which is also visible on the 4H and 1H timeframes—confirming its validity. After a test of this zone and a liquidity grab around the 23,700 area, I expect price to move upward toward the 0.70–0.79 Fibonacci retracement, where I will look to take profit.
2) Alternative scenario (less likely):
A deeper correction into the second Daily FVG, which is only visible on the Daily timeframe. Due to its limited confluence, this scenario has lower probability.
Execution plan:
I’ll wait for price to trade into one of these FVGs, then look for LTF reversal signals to execute a long position targeting the 0.70–0.79 Fibonacci zone.
If you enjoy this type of analysis, make sure to follow and like this idea.
Although the HTF suggests a broader correction toward the 22,000 area, I’m looking for a short-term setup for next week.
My scenarios:
1) Primary scenario:
A move lower into the first Daily FVG, which is also visible on the 4H and 1H timeframes—confirming its validity. After a test of this zone and a liquidity grab around the 23,700 area, I expect price to move upward toward the 0.70–0.79 Fibonacci retracement, where I will look to take profit.
2) Alternative scenario (less likely):
A deeper correction into the second Daily FVG, which is only visible on the Daily timeframe. Due to its limited confluence, this scenario has lower probability.
Execution plan:
I’ll wait for price to trade into one of these FVGs, then look for LTF reversal signals to execute a long position targeting the 0.70–0.79 Fibonacci zone.
If you enjoy this type of analysis, make sure to follow and like this idea.
Almenio_WTF
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Almenio_WTF
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.