Key Concepts:
CHoCH (Change of Character) and BOS (Break of Structure) confirm shifts in market direction and continuation.
Liquidity Grab: Price swept a strong low and tapped into a major support zone, inducing sellers before reversing.
Entry Point: After the liquidity sweep, bullish reaction and structure formed a favorable entry (marked on chart).
Target: The target is set at a prior weak high, aligning with imbalance and liquidity resting above.
🔍 Confluences:
Price broke multiple minor structures (BOS) after the CHoCH.
Dynamic support from the Keltner/Bollinger-like bands shows mean reversion potential.
Strong rejection wick and consolidation at support confirm buyer interest.
Trade Idea:
Entry: ~0.80118
Target: ~0.80810
Stop Loss: Just below the strong low ~0.80010 or adjusted as per risk appetite.
Risk-Reward: Favorable R:R setup, especially if price reclaims mid-range levels above 0.80443.
CHoCH (Change of Character) and BOS (Break of Structure) confirm shifts in market direction and continuation.
Liquidity Grab: Price swept a strong low and tapped into a major support zone, inducing sellers before reversing.
Entry Point: After the liquidity sweep, bullish reaction and structure formed a favorable entry (marked on chart).
Target: The target is set at a prior weak high, aligning with imbalance and liquidity resting above.
🔍 Confluences:
Price broke multiple minor structures (BOS) after the CHoCH.
Dynamic support from the Keltner/Bollinger-like bands shows mean reversion potential.
Strong rejection wick and consolidation at support confirm buyer interest.
Trade Idea:
Entry: ~0.80118
Target: ~0.80810
Stop Loss: Just below the strong low ~0.80010 or adjusted as per risk appetite.
Risk-Reward: Favorable R:R setup, especially if price reclaims mid-range levels above 0.80443.
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.
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.