- ENA traded in a tight LTF range, then deviated below support, forming a sweep/liquidity grab.
- Price quickly reclaimed the range low and retested the FVG (Fair Value Gap) below the range.
- This reclaim/flip is a classic bullish reversal setup after a sweep.
- Entry on the retest of FVG and previous support, targeting a move back to mid-range and then range highs.
- Invalidation below the deviation low (stop).
Price action shows a textbook range deviation and reclaim setup. ENA swept liquidity below the range, trapped shorts, and reclaimed support, forming a bullish reversal signal. The retest of the FVG provided a high-probability entry for a move back to the range highs. This play relies on the principle that deviation and reclaim below a range often leads to a reversal as trapped sellers are forced to cover.
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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.