The trade was initiated based on a high-probability setup identified through a confluence of technical factors.
Higher Timeframe (HTF) Analysis: Price action on a higher timeframe (15 MIn) demonstrated a perfect retracement into a previously identified order block (OB). This order block represented an area of significant institutional selling pressure (bearish OB) that had yet to be fully mitigated.
Lower Timeframe (LTF) Confirmation: A shift to a 1-minute chart was utilized to refine the entry and gain further confirmation of the HTF bias, a technique used for precise entry and risk control.
Point of Interest (POI) Entry: A precise entry was executed upon the price reaching a specific Point of Interest (POI) within the order block zone, confirming institutional activity at that exact level.
Risk Management & Target:
Risk: A stop-loss order was strategically placed above the high of the order block, defining the maximum risk and invalidation point for the trade.
Reward: The profit target was set at the next key level of Sell-side Liquidity (SSL), located below recent swing lows, where a cluster of stop-loss orders was anticipated to reside.
Higher Timeframe (HTF) Analysis: Price action on a higher timeframe (15 MIn) demonstrated a perfect retracement into a previously identified order block (OB). This order block represented an area of significant institutional selling pressure (bearish OB) that had yet to be fully mitigated.
Lower Timeframe (LTF) Confirmation: A shift to a 1-minute chart was utilized to refine the entry and gain further confirmation of the HTF bias, a technique used for precise entry and risk control.
Point of Interest (POI) Entry: A precise entry was executed upon the price reaching a specific Point of Interest (POI) within the order block zone, confirming institutional activity at that exact level.
Risk Management & Target:
Risk: A stop-loss order was strategically placed above the high of the order block, defining the maximum risk and invalidation point for the trade.
Reward: The profit target was set at the next key level of Sell-side Liquidity (SSL), located below recent swing lows, where a cluster of stop-loss orders was anticipated to reside.
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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.