First of all, be aware that this setup is not low-risk. However, the invalidation level is close to the entry zone, and if it gets hit, the setup will be stopped.
There are two liquidity pools on the chart, one above and one below. We anticipate that the upper liquidity pool will be collected first, and then the price will be rejected from the order block above this pool.
From a wave count perspective, we have completed wave A and are now in wave B, which is a diametric pattern. We are currently in the final wave of this diametric, wave G.
After wave B is completed, we expect a bullish wave C.
Manage your risk carefully.
For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
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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.