What we just saw on USDCHF is a classic move that catches many traders off guard:
Price swept the Previous Day’s Low (PDL)
Break of Structure (BOS) followed immediately
Fair Value Gap (FVG) below
This is one of those setups that reminds me:
Let’s see how it plays out.
Price swept the Previous Day’s Low (PDL)
- That’s where most retail traders get stopped out.
- It’s also where smart money often steps in.
Break of Structure (BOS) followed immediately
- A clean shift in direction.
- Momentum flipped bullish.
Fair Value Gap (FVG) below
- That’s likely where price will return to rebalance.
- If price respects that zone, the next destination?
- The liquidity resting above.
This is one of those setups that reminds me:
It’s not about catching every move. It’s about understanding why the move happened.
Let’s see how it plays out.
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Related publications
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.