Price has swept liquidity below the previous week's low and broke structure to the upside. Now it’s retracing into a Fair Value Gap that aligns beautifully with the 38.2% to 50% Fibonacci zone.
I'm not in yet. I’m watching for a clean bullish confirmation, like an engulfing or strong rejection candle, before entering.
The 50 EMA supports the bias and helps confirm that I'm trading in the direction of the short-term momentum. If all aligns, I’ll be targeting the previous week’s high.
This is a reminder that being patient often protects your capital more than being early.
I'm not in yet. I’m watching for a clean bullish confirmation, like an engulfing or strong rejection candle, before entering.
The 50 EMA supports the bias and helps confirm that I'm trading in the direction of the short-term momentum. If all aligns, I’ll be targeting the previous week’s high.
This is a reminder that being patient often protects your capital more than being early.
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.
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.