Euro / U.S. DollarShort
Entry of the day
Hey guys, this is my entry based on Order Blocks (OB), Fair Value Gaps (FVG), and liquidity. I entered this trade because there is a significant amount of liquidity to be captured on the downside, as well as an imbalance on the 8-hour timeframe that is likely to be filled.
On the smaller timeframes, I took the entry after observing a liquidity sweep on the 1-minute chart, coupled with the FVG being filled on the 5-minute chart. Additionally, there were clear inducements to the downside, which leads me to believe this is a strong trade setup.
On the smaller timeframes, I took the entry after observing a liquidity sweep on the 1-minute chart, coupled with the FVG being filled on the 5-minute chart. Additionally, there were clear inducements to the downside, which leads me to believe this is a strong trade setup.
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.