Looking at the daily chart we have a Double bottom formed after a change of character.
There will be liquidity below this double bottom so I am expecting a Liquidity sweep into this area below and then a drive to the upside.
Target being this area of Supply above marked.
Plan will be once liquidity swept wait for break of structure to the upside on the 1H minimum. (Anything lower time frame than this will not be valid for me)
In line with bullish momentum I will look to find a Demand zone formed on the 60minute or potentially the 15min to refine.
Trade will likely look like the chart but entry and SL will be determined by movement between now and my Entry criteria being met.
Early days but a nice LONG setting up.
There will be liquidity below this double bottom so I am expecting a Liquidity sweep into this area below and then a drive to the upside.
Target being this area of Supply above marked.
Plan will be once liquidity swept wait for break of structure to the upside on the 1H minimum. (Anything lower time frame than this will not be valid for me)
In line with bullish momentum I will look to find a Demand zone formed on the 60minute or potentially the 15min to refine.
Trade will likely look like the chart but entry and SL will be determined by movement between now and my Entry criteria being met.
Early days but a nice LONG setting up.
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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.