trade idea:
- going into the AM session, we pushed higher and swept some time based liquidity formed during both NY PM session and London session.
- seeing that we had a push into this liquidity following news, i drew a P/D range so that I could enter for longs, since the market was still overall bullish (i had a bullish sentiment).
- heading into market open, we tried to push higher and couldn't, confirming that price is seeking to move down into a discount.
- we had also formed 2 15 minute imbalances, in which the first (upper most) FVG was violated, due to it being in the premium and there was SSL resting below, as well as the other 15 min imbalance being present.
- based off this, I wanted price to 1) respect the 15 min FVG and 2) show signs of displacement/formation of either FVGs or a mitigation block.
trade execution:
- we had some SSL that formed after breaking through the 0.5 of the range into the 15 min FVG, in which a 5 minute candle closed slightly below.
- on the 1 min, we seemed to be respecting this and there was an impulse move up, confirming that this was a mitigation block, forming an FVG as well.
- entry was in the 1 min FVG, first targeting some internal liquidity, then pushing higher into the external liquidity resting at the HOD.
total profit:
$30
- going into the AM session, we pushed higher and swept some time based liquidity formed during both NY PM session and London session.
- seeing that we had a push into this liquidity following news, i drew a P/D range so that I could enter for longs, since the market was still overall bullish (i had a bullish sentiment).
- heading into market open, we tried to push higher and couldn't, confirming that price is seeking to move down into a discount.
- we had also formed 2 15 minute imbalances, in which the first (upper most) FVG was violated, due to it being in the premium and there was SSL resting below, as well as the other 15 min imbalance being present.
- based off this, I wanted price to 1) respect the 15 min FVG and 2) show signs of displacement/formation of either FVGs or a mitigation block.
trade execution:
- we had some SSL that formed after breaking through the 0.5 of the range into the 15 min FVG, in which a 5 minute candle closed slightly below.
- on the 1 min, we seemed to be respecting this and there was an impulse move up, confirming that this was a mitigation block, forming an FVG as well.
- entry was in the 1 min FVG, first targeting some internal liquidity, then pushing higher into the external liquidity resting at the HOD.
total profit:
$30