GBPNZD - Sell then Buy

Potential Trend reversal in play
Will sell to clear imbalances and buy to continue the upward momentum

Selling opportunity since the rally that has cleared out previous highs.
Lots of room for retracements to cover imbalance in price

Will enter when price breaks down below and fails to retest the zone

Keeping an eye for continuous momentum to the upside

Trade active

Note

Profits taken at the first imbalance zone.
Waiting for a breakdown on that zone and will re-enter a sell to the next imbalance

Note

Otherwise if price clears the liquidity points on the left, we will look to buy

Note

Price headed toward 2nd imbalance zone where we will take profits again.
If it breaks down below that zone, we will short to the 3rd imbalance zone and look for indications of a buy.

We are ultimately looking for confirmation that there is a trend reversal about to happen on the 1HR TF

Note

Points of Interest where re-entries are possible.
Here's a buy to sell candle on the 1 hour. We set a sell order and price wicked into it triggering the order.

Note

Re-entered a new sell to the the last point of Imbalance

Note

In final sell to mitigate 1 hour candle imbalance.
Hoping to sell from the bottom all the way up clearing out the liquidity. Hopefully my entry is precise and I don't get wicked out.

cryptdee

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.

cryptdee