Hello, Currently, price is in a Compression Phase after a strong Resistance Breakout (RBO). This tight consolidation is creating liquidity on both sides—setting up for a potential breakout.
What to Watch:
Compression Phase = Liquidity Building
Price is moving within a narrow range, trapping traders and stacking orders above and below.
We're waiting for a clean breakout of this range.
After the breakout, price is likely to retrace back toward the base (marked zone) before making a strong move toward the Buy Side Liquidity (BSL).
🎯 Trade Plan:
Wait for the compression to break. A return to the base zone could offer an entry, with BSL as the target (TP).
⚠️ Stay patient and avoid early entries—let the breakout confirm the move.
✅ Patience is key—wait for confirmation and manage risk smartly.
What to Watch:
Compression Phase = Liquidity Building
Price is moving within a narrow range, trapping traders and stacking orders above and below.
We're waiting for a clean breakout of this range.
After the breakout, price is likely to retrace back toward the base (marked zone) before making a strong move toward the Buy Side Liquidity (BSL).
🎯 Trade Plan:
Wait for the compression to break. A return to the base zone could offer an entry, with BSL as the target (TP).
⚠️ Stay patient and avoid early entries—let the breakout confirm the move.
✅ Patience is key—wait for confirmation and manage risk smartly.
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.