Step 1: Liquidity Sweep
Price aggressively swept the previous day's high, clearing buy-side liquidity.
Step 2: Break of Structure
Right after the sweep, we got a strong break of structure, confirming a bearish shift.
Step 3: Retracement into Imbalance
Price is now retracing into an unfilled imbalance left behind by the bearish impulse. This area becomes even more significant given the next point.
Step 4: Daily Resistance Confluence
This retracement is unfolding right at a key Daily resistance zone, adding strong higher-timeframe confluence. The likelihood of a reversal from this level increases sharply.
Step 5: Candle Confirmation
I’ll wait for clear signs of seller strength such as wick rejections, engulfing candles, or momentum shift before entering short. No confirmation, no trade.
🔔 Trade Plan
Bias: Short
Entry: Upon confirmation inside the imbalance
Invalidation: Break above the liquidity sweep high
TP: Lower liquidity pool
Price aggressively swept the previous day's high, clearing buy-side liquidity.
Step 2: Break of Structure
Right after the sweep, we got a strong break of structure, confirming a bearish shift.
Step 3: Retracement into Imbalance
Price is now retracing into an unfilled imbalance left behind by the bearish impulse. This area becomes even more significant given the next point.
Step 4: Daily Resistance Confluence
This retracement is unfolding right at a key Daily resistance zone, adding strong higher-timeframe confluence. The likelihood of a reversal from this level increases sharply.
Step 5: Candle Confirmation
I’ll wait for clear signs of seller strength such as wick rejections, engulfing candles, or momentum shift before entering short. No confirmation, no trade.
🔔 Trade Plan
Bias: Short
Entry: Upon confirmation inside the imbalance
Invalidation: Break above the liquidity sweep high
TP: Lower liquidity pool
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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.
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.