Limit Order Set-Up
Entry: 4.058
Take Profit (TP): 3.691
Stop Loss (SL): 4.091
Market Context:
Price is slowly retracing into a Fair Value Gap (FVG) / imbalance zone. However, Open Interest (OI) is decreasing across all derivatives exchanges, while price is climbing — a classic sign of a weak upward move. This suggests that the upward price action is likely driven by shorts closing their positions, not fresh long interest entering the market.
Technical Confluence:
This setup aligns with the golden pocket retracement zone (Fib 0.618–0.65), adding further weight to the potential reversal.
Note:
This move lacks strong momentum and shows signs of exhaustion. Proceed with caution and ensure strict risk management is in place. The trade setup is highly context-dependent, and conditions may shift rapidly.
Entry: 4.058
Take Profit (TP): 3.691
Stop Loss (SL): 4.091
Market Context:
Price is slowly retracing into a Fair Value Gap (FVG) / imbalance zone. However, Open Interest (OI) is decreasing across all derivatives exchanges, while price is climbing — a classic sign of a weak upward move. This suggests that the upward price action is likely driven by shorts closing their positions, not fresh long interest entering the market.
Technical Confluence:
This setup aligns with the golden pocket retracement zone (Fib 0.618–0.65), adding further weight to the potential reversal.
Note:
This move lacks strong momentum and shows signs of exhaustion. Proceed with caution and ensure strict risk management is in place. The trade setup is highly context-dependent, and conditions may shift rapidly.
Trade active
Limit hit: Stop Loss set at 4.121
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.
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.