CHF/JPY
CHF/JPY (DAILY)
Price swept the early buyer liquidity disrespected the bearish momentum gap leaving behind a bullish momentum gap, created a low which represents retail liquidity. Now i am waiting for the retail liquidity to be swept and for price to tap into my 71% fib level which fits right inline with the bullish momentum gap then i will enter a buy position targeting the major price alignment structure high with my stop loss being set at the low that was created after my the early buyer liquidity was swept.
Price swept the early buyer liquidity disrespected the bearish momentum gap leaving behind a bullish momentum gap, created a low which represents retail liquidity. Now i am waiting for the retail liquidity to be swept and for price to tap into my 71% fib level which fits right inline with the bullish momentum gap then i will enter a buy position targeting the major price alignment structure high with my stop loss being set at the low that was created after my the early buyer liquidity was swept.
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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.