Context:
Currently trading above previous high from Nov. 2021 with bullish FVGs on monthly chart - but we are now in a consolidation, but with upwards tendency. Same for the weekly chart - we just took out the previous week high.
Idea:
• Entry between prev. week high and prev. day high after 4h close above bearish FVG.
• Entry in mentioned area preffered with a lower timeframe setup like a reversal candle on 30min.
• Approach of the entry should be without FVGs on 30min. Otherwise wait for bearish 30min FVG to be closed.
Stop: Below your 30min entry setup
→ 1st TP: Around ATH / 73500
→ 2nd TP: trailing stop: "sky is the limit"
When does this scenario become invalidated? If the current 4h candle becomes a confirmed reversal candle. Then we could rally lower to at least 69000.
Currently trading above previous high from Nov. 2021 with bullish FVGs on monthly chart - but we are now in a consolidation, but with upwards tendency. Same for the weekly chart - we just took out the previous week high.
Idea:
• Entry between prev. week high and prev. day high after 4h close above bearish FVG.
• Entry in mentioned area preffered with a lower timeframe setup like a reversal candle on 30min.
• Approach of the entry should be without FVGs on 30min. Otherwise wait for bearish 30min FVG to be closed.
Stop: Below your 30min entry setup
→ 1st TP: Around ATH / 73500
→ 2nd TP: trailing stop: "sky is the limit"
When does this scenario become invalidated? If the current 4h candle becomes a confirmed reversal candle. Then we could rally lower to at least 69000.
Note
4h will most likely close as reversal candle. If the next 30min-Candle will close above 70.40, this could still become a long
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.