GER40 1H Short Setup
Trade Logic:
- Setup: Short within the 1-hour Fair Value Gap (FVG) following a clear bearish shift in market structure.
- Confluence Factors:
- Break of Structure (BOS): Price confirms a bearish break, with a clear Change of Character (ChoCH) reinforcing downside bias.
- FVG Rejection: Anticipating rejection within the 1H FVG as price retests this imbalance area, providing an optimal entry point.
- Kijun Resistance: Kijun line on the 1H timeframe aligns as a dynamic resistance level, further supporting bearish continuation.
- Risk-Reward: Minimum 1:2 RRR with a tight stop-loss above the FVG zone.
- Target: TP1 near liquidity at 20,306; TP2 at deeper liquidity grab around 20,260.
Confluence Factors:
- Market Context: Indices showing signs of pullback after extended bullish momentum, with GER40 leading a potential retracement.
- Volume Signals: Declining buy-side volume during recent highs, indicating exhaustion and paving the way for downside.
- Liquidity Levels: Price action aligns with tapping liquidity from equal highs before driving into lower demand zones.
Execution Plan:
- Place short entries within the 1H FVG.
- Maintain tight risk management with a stop-loss just above the FVG zone.
- Reassess trade if price closes above the Kijun or invalidates the bearish structure.
Extra Note: Monitor macroeconomic news or EUR-related sentiment for potential catalysts that could impact volatility in GER40. Let me know if you'd like any additional details or adjustments!
Trade Logic:
- Setup: Short within the 1-hour Fair Value Gap (FVG) following a clear bearish shift in market structure.
- Confluence Factors:
- Break of Structure (BOS): Price confirms a bearish break, with a clear Change of Character (ChoCH) reinforcing downside bias.
- FVG Rejection: Anticipating rejection within the 1H FVG as price retests this imbalance area, providing an optimal entry point.
- Kijun Resistance: Kijun line on the 1H timeframe aligns as a dynamic resistance level, further supporting bearish continuation.
- Risk-Reward: Minimum 1:2 RRR with a tight stop-loss above the FVG zone.
- Target: TP1 near liquidity at 20,306; TP2 at deeper liquidity grab around 20,260.
Confluence Factors:
- Market Context: Indices showing signs of pullback after extended bullish momentum, with GER40 leading a potential retracement.
- Volume Signals: Declining buy-side volume during recent highs, indicating exhaustion and paving the way for downside.
- Liquidity Levels: Price action aligns with tapping liquidity from equal highs before driving into lower demand zones.
Execution Plan:
- Place short entries within the 1H FVG.
- Maintain tight risk management with a stop-loss just above the FVG zone.
- Reassess trade if price closes above the Kijun or invalidates the bearish structure.
Extra Note: Monitor macroeconomic news or EUR-related sentiment for potential catalysts that could impact volatility in GER40. Let me know if you'd like any additional details or adjustments!
Trade closed: target reached
+2%
Fondera | Data-Driven Trading
💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
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.
Fondera | Data-Driven Trading
💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
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.