The US30 index has reached a key liquidity zone above resistance, setting up a compelling sell limit opportunity. This price action suggests the market has cleared stop-losses and may be primed for a bearish reversal.
Key Observations:
Liquidity Sweep: The price spiked above a critical resistance level, triggering stop-losses and trapping breakout buyers.
Market Structure: Emerging bearish signals, including rejection candles and a loss of bullish momentum, indicate potential downside movement.
Optimal Entry: A sell limit at [specific price level] aligns with the liquidity grab and the anticipated reversal zone.
Trade Plan:
Entry: Sell limit at [specific level], expecting a move downward from the liquidity zone.
Stop Loss: Above the liquidity sweep to protect against false breakouts.
Take Profit: Targeting support levels around [specific levels] for a strong risk-reward ratio.
Risk Management:
This setup capitalizes on a classic liquidity grab, but strict adherence to risk management and position sizing is vital. Monitor price action closely for additional confirmation of bearish momentum.
Key Observations:
Liquidity Sweep: The price spiked above a critical resistance level, triggering stop-losses and trapping breakout buyers.
Market Structure: Emerging bearish signals, including rejection candles and a loss of bullish momentum, indicate potential downside movement.
Optimal Entry: A sell limit at [specific price level] aligns with the liquidity grab and the anticipated reversal zone.
Trade Plan:
Entry: Sell limit at [specific level], expecting a move downward from the liquidity zone.
Stop Loss: Above the liquidity sweep to protect against false breakouts.
Take Profit: Targeting support levels around [specific levels] for a strong risk-reward ratio.
Risk Management:
This setup capitalizes on a classic liquidity grab, but strict adherence to risk management and position sizing is vital. Monitor price action closely for additional confirmation of bearish momentum.
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.