📌 Timeframe:1H
📌 Bias: Bullish
📌 Key Levels:
- Sell-side Liquidity Target: 1H SIBI at 1.33930
- Bullish Entry Zone: Consequent Encroachment of the imbalance
- Final Target: 1.34300
Market Context & Analysis
- Asian Session Recap: Price opened and traded higher, leaving behind a **1H SIBI**, which was later tapped into.
- Liquidity Sweep: Price made a higher high before pulling back, now targeting sell-side liquidity at 1.33930.
- Bullish Setup Plan: Expecting price to sweep the **sell-side liquidity**, tap into the Consequent Encroachment of the imbalance, and confirm bullish momentum.
- Final Target: Anticipating a rally toward 1.34300, which aligns with a strong resistance level.
Execution Strategy
1. Wait for Price Action Confirmation
- Look for bullish rejection wicks or strong engulfing candles at the Consequent Encroachment zone.
- Avoid early entries; wait for liquidity grab and clear directional shift.
2. Entry & Stop-Loss Considerations
- Ideal Entry: Once bullish confirmations are observed post-liquidity sweep.
- Stop-Loss: Below the recent **liquidity sweep low** to ensure risk protection.
3. Risk-to-Reward & Position Management
- Aim for R:R ratio of at least 1:3, securing partial profits as price approaches 1.34300
- Monitor market conditions and adjust if necessary based on order flow dynamics.
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.
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.