I have a strong Analysis for this Trade. Higher Time frames suggests a BOS.
We are currently in a pullback stage making a swing low that was protected by the strong Daily Low. In smaller Time frames Ive notice a CHoCH and seen a shift in the market assuming that smaller time frames are now making bullish movements to suit Higher Time frames.
For added confluences we have crossed lines on the EMA and seeming to respect above the 50EMA telling us short time price action is now Bullish
Im entering a Limit Order at the Oder Block on the most recent movement, I would like to see the Imbalance on that movement get filled before tapping into that Order Block which also happens to be at the 61.8% level being a strong OTE zone.
Good Luck to all the traders that decide to Follow
We are currently in a pullback stage making a swing low that was protected by the strong Daily Low. In smaller Time frames Ive notice a CHoCH and seen a shift in the market assuming that smaller time frames are now making bullish movements to suit Higher Time frames.
For added confluences we have crossed lines on the EMA and seeming to respect above the 50EMA telling us short time price action is now Bullish
Im entering a Limit Order at the Oder Block on the most recent movement, I would like to see the Imbalance on that movement get filled before tapping into that Order Block which also happens to be at the 61.8% level being a strong OTE zone.
Good Luck to all the traders that decide to Follow
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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.