ETH scalp - August scalping journey trade Nr. 5

7 août 2024

Late night session not over yet. Want to bid this FVG on ETH. Looking for the demand or the FVG to hold. Target is yet to be announced but MDay-H range is a good target. Let's see what we get.

Analysis of the Chart:
Fair Value Gap (FVG):
The 30-minute Fair Value Gap (FVG) is a key zone of interest. This area represents a price imbalance that the market may revisit to fill, providing a potential entry point.

• Demand Zone:
  

Just below the FVG, a 30-minute demand zone is identified. This area signifies strong buying interest that could act as support and push the price higher.

• Break of Structure (BOS):
  

Multiple Breaks of Structure (BOS) are highlighted, indicating critical points where the market trend shifted from bearish to bullish. These BOS levels provide additional confirmation of the market's directional bias.

• Volume Weighted Average Price (VWAP):
  

VWAPs are used in the chart instead of moving averages. VWAPs help to identify the average price weighted by volume, providing dynamic support and resistance levels.

The target is yet to be announced, but the MDay-H (Midday High) range is considered a good initial target. This level represents a previous significant high, providing a logical area for the price to aim for.

9 août 2024

Ordre annulé

Already to far away
Looking for another entry