2025 Jan W5- Potential Swing to the Upside [EU]
Idea Qualifiers:
- Market retraced to discount
- Minor OB hit
- Liquidity swept
- 15m BoS with gap formed
Idea Invalidations:
- Invalidation high is hit before entry
Notes:
- The BoS is very tight, but does not have the structure of a liquidity grab on lower timeframes.
- The retracement is therefore expected to be deep, drawdown should be expected.
- A 1m refinement was used for the limit entry, experimenting to see how well I have a read on these.
- Looking out for potential change of characteristic at the OB highlighted above as this buy move could be the retracement after a reversal (especially considering the structure on the left). Expecting to have a strong reaction to that blue box above.
- Will hold this position while selling from that blue box if an opportunity is given.
Trade Score: Grade B
If the BoS was stronger, it would have been an A.
- Market retraced to discount
- Minor OB hit
- Liquidity swept
- 15m BoS with gap formed
Idea Invalidations:
- Invalidation high is hit before entry
Notes:
- The BoS is very tight, but does not have the structure of a liquidity grab on lower timeframes.
- The retracement is therefore expected to be deep, drawdown should be expected.
- A 1m refinement was used for the limit entry, experimenting to see how well I have a read on these.
- Looking out for potential change of characteristic at the OB highlighted above as this buy move could be the retracement after a reversal (especially considering the structure on the left). Expecting to have a strong reaction to that blue box above.
- Will hold this position while selling from that blue box if an opportunity is given.
Trade Score: Grade B
If the BoS was stronger, it would have been an A.
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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.