Monday Ranging:
- Anticipate price movement towards the high of the value area (VA).
- Watch for a potential fakeout at the high, followed by a downward move toward the bottom of the range
Note
The price failed to break higher during the London session, but the strategy remains valid for the New York session. Currently, significant volume is observed as the price approaches the liquidity zone. Expect a potential fake breakout at the bottom, followed by a low-volume retest, presenting a buying opportunityNote
Price touched the previous Friday's Value Area High (VAH) and experienced a rejection, signaling a potential entry pointA successful entry yielding a 4R return
Note
Potential short on NY sessionNote
The price didn't sweep the high liquidity but returned to the previous VAH, presenting a strong entry opportunity
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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.