2025 Jan W5- Minor Retracement Idea [EU]
Idea Qualifiers:
- Market is Extended
- Minor 4H High Hit
- 15m BoS with gap formed
Idea Invalidations:
- TP1 is hit before entry
Notes:
- The BoS is very tight compared to the general structure of the impulse.
- As this is related to a major OB, secondary swipe of liquidity is possible.
- Look for the market to swipe the highs and then drop, creating another BoS (look for the same retracement idea if this happens)
- A 1m refinement was used for the limit entry, experimenting to see how well I have a read on these.
#POI_MinorExternal #1mEntry #MajorOBBroken #GradeC
- Market is Extended
- Minor 4H High Hit
- 15m BoS with gap formed
Idea Invalidations:
- TP1 is hit before entry
Notes:
- The BoS is very tight compared to the general structure of the impulse.
- As this is related to a major OB, secondary swipe of liquidity is possible.
- Look for the market to swipe the highs and then drop, creating another BoS (look for the same retracement idea if this happens)
- A 1m refinement was used for the limit entry, experimenting to see how well I have a read on these.
#POI_MinorExternal #1mEntry #MajorOBBroken #GradeC
Order cancelled
Market opened with a massive gap down that went past TP 1 so the idea is cancelled. Looking out for another sweep of the highs or another POI to be hit. Note
Revisiting the chart, the idea may still be on as the push down broke structure after hitting the POI and sweeping liquidity. Adjusting the entry and looking to see what may come of it.
Note
As expected in the initial analysis, price dipped into liquidity and then swiped the highs before continuing lower. On to the next.
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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.