Market Setup & Key Levels
SSL Liquidity Sweep:
The recent liquidity sweep occurred at 1.32790—this move cleared downside stops and set the stage for a reversal.
- Bullish Breaker Block:
The breaker is identified at 1.32845. This area now acts as a support/entry zone where institutional buyers have stepped in.
-15-min SIBI Target/ 1hr order block:
A key imbalance (SIBI) was left during the Asian session on the 15‑minute chart which coincides with a 1hr OB. This zone represents where liquidity might be harvested.
- Alternate Idea: If price surges to this SIBI target without offering a pullback, it could signal an overextended move—potentially setting up a short trade opportunity.
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Primary Trade: Long on the Breaker Retest
1. Entry:
- Buy on Retest:Plan to enter long when price retests the bullish breaker zone at 1.32845 and shows clear rejection signals.
- Confirmation:Look for lower timeframe (5‑min or even 1‑min) reversal candlestick patterns (such as a pin bar or engulfing pattern) confirming that the breaker is holding as support or ifvg and break of structure.
2. Stop-Loss:
- Place your stop-loss just below the breaker zone. For instance, around 1.32750 (or a level that protects you from further downside beyond the liquidity sweep)
3. Profit Target:
- Use the 15‑minute SIBI zone as your primary profit target.
- Alternatively, trail your stops if the market shows strong momentum upward.
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Alternate Trade: Short if Price Reaches the SIBI Without a Pullback**
1. Scenario:
- If price drives directly toward the 15‑minute SIBI target without offering a clear pullback or reversal near the breaker, the move may become overextended.
2. Entry for Short Trade:
- Look for signs of exhaustion or a reversal as price touches the SIBI zone.
- Enter short when you see confirmation of a rejection (for example, a bearish candle pattern or a failure to hold momentum).
3. Stop-Loss:
- Set your stop just above the SIBI zone to limit risk if the rejection fails.
4.Profit Target:
- Target zones near the breaker or further liquidity levels that might be revisited during the subsequent retracement.
SSL Liquidity Sweep:
The recent liquidity sweep occurred at 1.32790—this move cleared downside stops and set the stage for a reversal.
- Bullish Breaker Block:
The breaker is identified at 1.32845. This area now acts as a support/entry zone where institutional buyers have stepped in.
-15-min SIBI Target/ 1hr order block:
A key imbalance (SIBI) was left during the Asian session on the 15‑minute chart which coincides with a 1hr OB. This zone represents where liquidity might be harvested.
- Alternate Idea: If price surges to this SIBI target without offering a pullback, it could signal an overextended move—potentially setting up a short trade opportunity.
---
Primary Trade: Long on the Breaker Retest
1. Entry:
- Buy on Retest:Plan to enter long when price retests the bullish breaker zone at 1.32845 and shows clear rejection signals.
- Confirmation:Look for lower timeframe (5‑min or even 1‑min) reversal candlestick patterns (such as a pin bar or engulfing pattern) confirming that the breaker is holding as support or ifvg and break of structure.
2. Stop-Loss:
- Place your stop-loss just below the breaker zone. For instance, around 1.32750 (or a level that protects you from further downside beyond the liquidity sweep)
3. Profit Target:
- Use the 15‑minute SIBI zone as your primary profit target.
- Alternatively, trail your stops if the market shows strong momentum upward.
---
Alternate Trade: Short if Price Reaches the SIBI Without a Pullback**
1. Scenario:
- If price drives directly toward the 15‑minute SIBI target without offering a clear pullback or reversal near the breaker, the move may become overextended.
2. Entry for Short Trade:
- Look for signs of exhaustion or a reversal as price touches the SIBI zone.
- Enter short when you see confirmation of a rejection (for example, a bearish candle pattern or a failure to hold momentum).
3. Stop-Loss:
- Set your stop just above the SIBI zone to limit risk if the rejection fails.
4.Profit Target:
- Target zones near the breaker or further liquidity levels that might be revisited during the subsequent retracement.
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.