Reversal Setup from Daily OB + LTF Confluence
Price tapped into a Daily Bullish OB with 50EMA support, signaling potential for a bullish reaction. While structure isn’t perfect, the overextension and DXY correlation offer strong intraday confluence.
📈 HTF Confluence:
✅ Sitting inside a Daily Bullish Orderblock
📍 50EMA in the same area → added support
🟢 Expecting a bounce from this zone, even if HTF trend isn’t clearly bullish yet
📉 LTF Context:
💤 Asia range formed, still unfilled → clean liquidity target
📉 Overextended bearish move into 15m POI
🪞 DXY at its own 15m POI + Asia range to complete → supports EU upside
🎯 Entry Plan:
✅ Clear 1m BOS after reacting from 15m Decisional OB
🎯 Entry taken at 5m OB inside that 15m POI zone
⚠️ Decisional OB isn’t ideal, but stacked confluences justify the risk
🛡 SL: Below 5m OB
📌 TP: Asia high + potential continuation if DXY breaks lower
Price tapped into a Daily Bullish OB with 50EMA support, signaling potential for a bullish reaction. While structure isn’t perfect, the overextension and DXY correlation offer strong intraday confluence.
📈 HTF Confluence:
✅ Sitting inside a Daily Bullish Orderblock
📍 50EMA in the same area → added support
🟢 Expecting a bounce from this zone, even if HTF trend isn’t clearly bullish yet
📉 LTF Context:
💤 Asia range formed, still unfilled → clean liquidity target
📉 Overextended bearish move into 15m POI
🪞 DXY at its own 15m POI + Asia range to complete → supports EU upside
🎯 Entry Plan:
✅ Clear 1m BOS after reacting from 15m Decisional OB
🎯 Entry taken at 5m OB inside that 15m POI zone
⚠️ Decisional OB isn’t ideal, but stacked confluences justify the risk
🛡 SL: Below 5m OB
📌 TP: Asia high + potential continuation if DXY breaks lower
Trade closed: stop reached
Got stopped out
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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.