This is Daily and 30m ECHF.
It clearly shows it tapped into a Daily FairValueGap of Feb 2016, which also was a really important price level which was Parity ( 1:1 ) 1.00
Now zooming in to the 15M (
) we can clearly see a MarketStructureBreak of the last lower high which made the Lower low which tapped into the Feb 2016 POI / FVG
It left a 1H FVG which is also a order block and is around the 61.8 retracement.
That 61.8 area is also a last res/sup area of that internal swing.
Now we determined our entry, zooming out on 1H (
)
we would be looking for targets.
Price left some liquidity area's on the 1 H, but most important are the FVG area's which were left behind in the prior push down.
A Major FVG/Imbalance area left behind can be found in 1 specific area, which contains:
1M imbalance ( MAIN FVG )
Daily imbalance
4H imbalance
these can be found here:
And leat but not least, there are 2 1hr imbalances/FVG area's within that monthly area which can be found here:
Im targetting the lower area to be tapped first.
It clearly shows it tapped into a Daily FairValueGap of Feb 2016, which also was a really important price level which was Parity ( 1:1 ) 1.00
Now zooming in to the 15M (
It left a 1H FVG which is also a order block and is around the 61.8 retracement.
That 61.8 area is also a last res/sup area of that internal swing.
Now we determined our entry, zooming out on 1H (
we would be looking for targets.
Price left some liquidity area's on the 1 H, but most important are the FVG area's which were left behind in the prior push down.
A Major FVG/Imbalance area left behind can be found in 1 specific area, which contains:
1M imbalance ( MAIN FVG )
Daily imbalance
4H imbalance
these can be found here:
And leat but not least, there are 2 1hr imbalances/FVG area's within that monthly area which can be found here:
Im targetting the lower area to be tapped first.