Ethereum Swing Trade Analysis
Following a clear rejection at a supply zone after filling a daily imbalance (FVG), price action has shown notable structural changes. Specifically, we observed a break of structure on the 4-hour chart, which appears to be a direct reaction to the mitigation of this imbalance.
Additionally, a series of down-close candles on the H4 timeframe indicate potential bullish absorption, often suggestive of a reversal in momentum. This confluence, along with the recent fill of the daily fair value gap, suggests that price has likely found support at this key level.
Given these technical signals : rejection at resistance, structural break, and supportive price behavior around the filled FVG.
I am considering to enter a swing long position after filling M15 FVG imbalance.
The target for this trade is the equal highs on the buy-side liquidity around the $4,385 level.
Will be updating the course of this trade in the following days until it reaches final take profit target.
Talk to you soon !
Following a clear rejection at a supply zone after filling a daily imbalance (FVG), price action has shown notable structural changes. Specifically, we observed a break of structure on the 4-hour chart, which appears to be a direct reaction to the mitigation of this imbalance.
Additionally, a series of down-close candles on the H4 timeframe indicate potential bullish absorption, often suggestive of a reversal in momentum. This confluence, along with the recent fill of the daily fair value gap, suggests that price has likely found support at this key level.
Given these technical signals : rejection at resistance, structural break, and supportive price behavior around the filled FVG.
I am considering to enter a swing long position after filling M15 FVG imbalance.
The target for this trade is the equal highs on the buy-side liquidity around the $4,385 level.
Will be updating the course of this trade in the following days until it reaches final take profit target.
Talk to you soon !
Trade attivo
UPDATE :We're halfway there 👀
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t.me/theprofitroom_fx
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t.me/theprofitroomfx
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The Profit Room Fx
Telegram
t.me/theprofitroom_fx
Telegram Channel
t.me/theprofitroomfx
Email
theprofitroomfx@gmail.com
Telegram
t.me/theprofitroom_fx
Telegram Channel
t.me/theprofitroomfx
theprofitroomfx@gmail.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.