a bit risky but since it was clearly formed in the last waves, I want to try it with 0.5 R
Trade active
Another formation that supports my short trading idea is that I think there will be a liquidity sweep towards the 4h imbalance within a wide channel. I normally don't include price action in my trading, but here I think the channel will work by taking the liquidity of the last bottom and filling the current gap.
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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.