Price swept through the daily low today and raided liquidity sitting below the Daily FVG (~66,000–66,200), giving a clean liquidity grab on the daily. This is the kind of move that sets up a high-probability reversal.
I'm not chasing the bounce. I'm waiting for price to retrace back into the 1H FVG, which sits inside the Daily FVG — giving me a refined entry at a zone with strong confluence rather than a blind limit order.
Target is the ERL (External Range Liquidity) at ~67,600 — the obvious draw on liquidity above recent highs. Invalidation sits below the swing low of the raid at ~65,550.
Daily FVG + Daily Low swept — liquidity taken
1H FVG nested inside daily zone — refined entry
I'm not chasing the bounce. I'm waiting for price to retrace back into the 1H FVG, which sits inside the Daily FVG — giving me a refined entry at a zone with strong confluence rather than a blind limit order.
Target is the ERL (External Range Liquidity) at ~67,600 — the obvious draw on liquidity above recent highs. Invalidation sits below the swing low of the raid at ~65,550.
Daily FVG + Daily Low swept — liquidity taken
1H FVG nested inside daily zone — refined entry
— smikal
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— smikal
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.