Structure: Market is in a bullish trend, forming higher highs and retracing after a strong impulse move.
Liquidity Sweep (SSL): Recent candles show a sweep of sell-side liquidity, targeting the lows near $108, clearing out weak longs.
FVG (Fair Value Gap): Price is approaching a 4H imbalance zone ($104–$108), indicating an inefficiency that may attract buy orders.
POI & OB Zone: A Point of Interest (POI) and a Bullish Order Block (OB) rest just below FVG (around $102–$104), acting as a strong confluence for reversal.
Expectations: If price fills the FVG and reacts from POI/OB with a bullish engulfing or confirmation, we can expect a bounce targeting the previous high around $125+.
Ideal Setup: Look for entry around $102–$106, with SL below OB and TP 1.5–2x above previous high.
This setup aligns with Smart Money Concepts (SMC) – liquidity sweep, FVG fill, and OB reaction. ✅
Liquidity Sweep (SSL): Recent candles show a sweep of sell-side liquidity, targeting the lows near $108, clearing out weak longs.
FVG (Fair Value Gap): Price is approaching a 4H imbalance zone ($104–$108), indicating an inefficiency that may attract buy orders.
POI & OB Zone: A Point of Interest (POI) and a Bullish Order Block (OB) rest just below FVG (around $102–$104), acting as a strong confluence for reversal.
Expectations: If price fills the FVG and reacts from POI/OB with a bullish engulfing or confirmation, we can expect a bounce targeting the previous high around $125+.
Ideal Setup: Look for entry around $102–$106, with SL below OB and TP 1.5–2x above previous high.
This setup aligns with Smart Money Concepts (SMC) – liquidity sweep, FVG fill, and OB reaction. ✅
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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.