Price swept Sellside Liquidity from August 5th, therefore we could now expect price to seek Buyside Liquidity which would be our target. As price swept liquidity I stepped down to the lower timeframes to look for an entry.
POSITION - Entry 0.62066 - S/L 0.61946 - T/P 0.63681
R:R - 14.71
RISK - 0,15% - $1,2 - 12pips
REWARD - 2,22% - $17,65 - 176.5
CONFLUENCES - Sellside Liquidity from August 5th swept - Market structure shift on 5m - 5m FVG
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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.