🧠 Setup Summary:
You're anticipating a retracement into a supply zone (marked by the grey box) which contains a Fair Value Gap (FVG) before continuing the bearish move.
🧩 Key Components:
Supply Zone (Grey Box):
A previously mitigated zone where price dropped aggressively.
Likely institutional sell orders remain there.
Fair Value Gap (Orange Zone):
Price moved away fast and left an imbalance.
Your expectation: Price will return here, fill it, and then drop.
Entry Plan:
Sell when price taps into FVG or upper supply zone around 1.36420 – 1.36616.
Confirmation could be a bearish engulfing, liquidity sweep, or BOS on LTF.
Stop Loss: Above the supply zone — around 1.36680.
Take Profit (TP): A major low, likely 1.35631.
Risk-Reward: Strong RR (likely 1:3+), in line with institutional-style trading
You're anticipating a retracement into a supply zone (marked by the grey box) which contains a Fair Value Gap (FVG) before continuing the bearish move.
🧩 Key Components:
Supply Zone (Grey Box):
A previously mitigated zone where price dropped aggressively.
Likely institutional sell orders remain there.
Fair Value Gap (Orange Zone):
Price moved away fast and left an imbalance.
Your expectation: Price will return here, fill it, and then drop.
Entry Plan:
Sell when price taps into FVG or upper supply zone around 1.36420 – 1.36616.
Confirmation could be a bearish engulfing, liquidity sweep, or BOS on LTF.
Stop Loss: Above the supply zone — around 1.36680.
Take Profit (TP): A major low, likely 1.35631.
Risk-Reward: Strong RR (likely 1:3+), in line with institutional-style trading
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.