High Risk HL Play from 5m OB + D EMA Support
We’re reacting off a Daily Bearish OB, but price got rejected precisely into the D 50EMA, creating a potential HL. Confluence comes from DXY aligning for a bounce and a 5m OB entry on GU, even though LTF structure isn’t ideal.
📈 HTF Confluence:
✅ Rejection from Daily OB → back to D 50EMA
🔄 Trend unclear, but EMA tap suggests short-term buy opportunity
📍 EMA sits right in the same zone as our LTF POI → stacked confluence
📉 LTF Context:
✅ Asia range formed
✅ DXY also in its Asia + 15m POI zone → supports GU long bias
❌ No LTF BOS or strong structure shift on GU yet
🎯 D Imbalance on GU still unfilled = TP area
🎯 Entry Plan:
✅ 50% position already in from 5m OB tap, which aligns with HTF EMA + DXY 15m POI
⏳ Waiting for 1m BOS to confirm the rest of the entry
❗ This is the last unmitigated OB before invalidation – strong RR if it holds
🛡 SL: Placed below 5m OB to protect structure
📌 TP: D Imbalance above, aligns well with a clean 1:5 RR, but will take partials at asia high or 1:3
We’re reacting off a Daily Bearish OB, but price got rejected precisely into the D 50EMA, creating a potential HL. Confluence comes from DXY aligning for a bounce and a 5m OB entry on GU, even though LTF structure isn’t ideal.
📈 HTF Confluence:
✅ Rejection from Daily OB → back to D 50EMA
🔄 Trend unclear, but EMA tap suggests short-term buy opportunity
📍 EMA sits right in the same zone as our LTF POI → stacked confluence
📉 LTF Context:
✅ Asia range formed
✅ DXY also in its Asia + 15m POI zone → supports GU long bias
❌ No LTF BOS or strong structure shift on GU yet
🎯 D Imbalance on GU still unfilled = TP area
🎯 Entry Plan:
✅ 50% position already in from 5m OB tap, which aligns with HTF EMA + DXY 15m POI
⏳ Waiting for 1m BOS to confirm the rest of the entry
❗ This is the last unmitigated OB before invalidation – strong RR if it holds
🛡 SL: Placed below 5m OB to protect structure
📌 TP: D Imbalance above, aligns well with a clean 1:5 RR, but will take partials at asia high or 1:3
Trade closed: stop reached
Stoploss hit
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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.