Just like a similar setup of yesterday,
price has once again swept liquidity (EQHs) towards an ob
Waiting for a possible Turtle Soup Sell Short (same as yesterday).
Here's a follow-up post to the daily TF lookouts.
The FVG below has only been partly mitigated.
If price is not coming back to fill it properly, the OB might be an area for going long towards
the Bearish Arrays.
PS: Major news today
Price has mitigated a FVG on the daily TF.
This has caused price to be moving towards the BSL(Buy Side Liquidity) zones (marked on the chart and visible on LTFs)
I expect price to mitigate those zones, switch bearish and continue downwards towards the SSL.
Follow up post on LTF PD Arrays will follow this.
Here's not my favorite kind of continuation entry.
What to do in scenarios such as this one?
Options 👇🏼
a. Divide your risk
b. Use confirmatory entry
c. Don't participate (sit it out and be patient for the next high probability setup)
d. Moving to another pair (instruments) you trade with a better setup offering higher probability.
Maybe a scalping opportunity.
There are levels below (FVGs) for possible long opportunities but here's a likely AMD setup that might lead to the EQHs above before returning to the Bullish levels below.
Cause of the possible bullish run for next week: mitigation of weekly FVG (a little bit below Equilibrium at discount)
Trend: Bullish as price has broke structure up (ChoCh)
Stage: Expansion but expecting a retracement into either the 1hr FVG or extreme FVG that will trigger a possible long opportunity.
What will cause this retracement is the mitigation of that...
Cause of the possible bullish run for next week: mitigation of weekly FVG (a little bit below Equilibrium at discount)
Trend: Bullish as price has broke structure up (ChoCh)
Stage: Expansion but expecting a retracement into either the 1hr FVG or extreme FVG that will trigger a possible long opportunity.
What will cause this retracement is the mitigation of that...
Price has swept the daily TF trend line Liq, taken care of the SSL in form of some relatively EQLs.
With a clear displacement and leaving a FVG (visible on 30m TF) behind, it looks like a possible Turtle Soup Buy setup.
I'm thinking the DOL should be the high created on Friday if we're looking at it from a Bullish perspective.
Bearish Perspective 👇🏼
It's only...
EU has fulfilled the buy side liquidity (BSL) by clearing the liq into a 1hr FVG and creating a relatively EQHs at the same time.
Here's a new bearish structure and there's a FVG for a possible trading opportunity. Not at OTE levels but above Equilibrium.
Will the FVG hold and lead into the 15m ob or price would retrace to that EQHs above?
EU has fulfilled the buy side liquidity (BSL) by clearing the liq into a 1hr FVG and creating a relatively EQHs at the same time.
Here's a new bearish structure and there's a FVG for a possible trading opportunity. Not at OTE levels but above Equilibrium.
Will the FVG hold and lead into the 15m ob or price would retrace to that EQHs above?
