Potential EU Liquidity sweep with a bullish reaction
As we see on the hourly TF, price is moving bearish towards areas of liquidity. We have already swept the first area, and continued towards the second level of liquidity. In order to enter i want to see a strong reaction once we mitigate the second level of liquidity, meaning a bullish engulfing candle right after we sweep it. The target can be somewhere at the level of our first supply, which consist of a consolidation on the smaller TF. Imbalance right under it, which servers as a confluence, of price coming towards the upside. We will wait and see as this is just potential.
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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.