When looking to the higher timeframes we see that price mitigated a daily demand zone.
Next we can also determine a 4Hourly Liquidity Imbalance causing a draw of price towards that.
15 Minute swept liquidity and broke a major Zone of supply causing market structure to break bullish.
Now price retracing in the 15M demand zone that is newly created.
That demand falls in the golden fib. zone which is great.
If price mitigates this zone on 1 MTF and creates a Major Choch towards the upside. we can place a buy limit order at the 1M Demand that will be created, If not formed, We don't enter.
Educational Purposes only!
Next we can also determine a 4Hourly Liquidity Imbalance causing a draw of price towards that.
15 Minute swept liquidity and broke a major Zone of supply causing market structure to break bullish.
Now price retracing in the 15M demand zone that is newly created.
That demand falls in the golden fib. zone which is great.
If price mitigates this zone on 1 MTF and creates a Major Choch towards the upside. we can place a buy limit order at the 1M Demand that will be created, If not formed, We don't enter.
Educational Purposes only!
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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.