Better on 5m chart.. If we going lower, I'd like to see internal buyside liquidity taken first which is also an Optimal Trade Entry; a classic golden fib ratio retracement up into breaker and untouched FVG around 38782. First a micro judas swing out of the Previous week opening gap where on Friday we closed at the exact same price as last Fridays close. Then my...
Sellside Liquidity taken, while reaching to previous bullish order block, and filling sellside inefficiencies below (BISI's). Nice Market Structure Shift to the upside after the sellside sweep, displacing up from the order block. Now retraced back into FVG right at 12:20pm (NY) that was formed as a result of the strong MSS, target highs above. We are reaching for...
Daily swing low consists of and intermediate swing low with two short term lows on either side. The next short term low, filling the FVG below and retracing to the order block (breaker block) will complete the swing low. Short term short opportunity now, and then long opportunity from the breaker block (short term low). This long opportunity can be a swing trade....
Will we reach new highs? If we hold current level, that's what I'm anticipating.. (from here). If we have a bullish body closing above inside the FVG just above current price, I am confident my previous NAS idea will come to fruition
Second thoughts now on previous US30 idea.. 1. Filled FVG below 2. Sellside liquidity take 3. Market Structure Shift (MSS/Displacement) 4. MSS left an imbalance (FVG) 5. Retraced back and filled FVG (rebalanced), also on multiple timeframes.. Market open expecting NAS to reprice lower to draw on further sellside liquidity before taking off and reaching the FVG...
As anticipated and stated in the comments of my last idea, price has retraced and rebalanced over 50% and filled the daily FVG below. We shouldn't go any lower than daily/weekly low. Looking for a sellside liquidity sweep on lower timeframe for an optimal trade entry. Target FVG above the high (buyside Liquidity)
Phase 1: Accumulation (or consolidation) Phase 2: Manipulation. Buyside liquidity gets captured while rebalancing into FVG above. There doesn't need to be a FVG above, for price to be delivered from after the sweep, but if there is, it's more confluence towards the setup/trade, and higher probability in my opinion. Phase 3: Distribution. We then have a...