Long NQ100 November 19, 2024, at 1:34 PM US-NY Time
## Entry
1. **Reaction to +FVG (Fair Value Gap)**:
- I identified a significant fair value gap on the chart where price had previously moved rapidly. This gap indicated a potential area for price to retrace and fill, providing an opportunity for a long entry as market participants often seek to correct these imbalances.
2. **Reaction to +OB (Order Block)**:
- An order block was present just below the current price level. This order block represented a zone where institutional buyers had previously entered the market, suggesting strong support. The price reaction at this level confirmed buying interest, reinforcing my decision to enter long.
3. **Liquidity Breakout Above Resistance**:
- During my analysis, I observed a breakout above a key resistance level. This breakout was accompanied by increased volume, indicating that liquidity was being taken out of the market. Such breakouts often lead to further upward movement as traders who were short are forced to cover their positions, adding momentum to the rally.
4. **Targeting Buying Liquidity**:
- My target for this trade was set at levels where buying liquidity was likely to be concentrated. By analyzing previous highs and notable volume spikes, I aimed for areas where I anticipated additional buying pressure would occur as new participants entered the market.
1. **Reaction to +FVG (Fair Value Gap)**:
- I identified a significant fair value gap on the chart where price had previously moved rapidly. This gap indicated a potential area for price to retrace and fill, providing an opportunity for a long entry as market participants often seek to correct these imbalances.
2. **Reaction to +OB (Order Block)**:
- An order block was present just below the current price level. This order block represented a zone where institutional buyers had previously entered the market, suggesting strong support. The price reaction at this level confirmed buying interest, reinforcing my decision to enter long.
3. **Liquidity Breakout Above Resistance**:
- During my analysis, I observed a breakout above a key resistance level. This breakout was accompanied by increased volume, indicating that liquidity was being taken out of the market. Such breakouts often lead to further upward movement as traders who were short are forced to cover their positions, adding momentum to the rally.
4. **Targeting Buying Liquidity**:
- My target for this trade was set at levels where buying liquidity was likely to be concentrated. By analyzing previous highs and notable volume spikes, I aimed for areas where I anticipated additional buying pressure would occur as new participants entered the market.
Publications connexes
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.