Silver has retraced perfectly back into the Weekly FVG + Breaker IRL at $70.86 — exactly the level I have been watching for a short entry.
Here is the full narrative.
Price broke structure to the downside and delivered aggressively lower — almost tapping the $61 ERL before reversing. Crucially price did not fully reach the ERL. It left equal lows just above the $61 level before retracing back into the IRL zone.
Those equal lows are significant. They represent buy stop liquidity sitting below the previous low — and the market almost always returns to sweep that liquidity before any meaningful reversal. The IRL to ERL delivery is incomplete.
Price has now retraced into the Weekly FVG + Breaker confluence at $70.86 — the IRL. This is the distribution zone. This is where the next leg lower begins.
Watching for 4H -1H confirmation today or tomorrow. A rejection candle, IFVG or EBP printing at this zone is the trigger. Weekly profile expectation — high of week printing Monday or Tuesday from this IRL before delivering lower into the back half of the week.
Once confirmed the target is clear — sweep the equal lows then deliver to the $61 ERL.
Structure: IRL to ERL — delivery incomplete
Entry trigger: 4H confirmation at Weekly FVG + Breaker 70.86
Weekly profile: High of week Mon/Tue → delivery lower
Liquidity target: Equal lows sweep below previous low
Target ERL: $61.01
Invalidation: 4H close above Breaker zone 70.86
Not financial advice — just my analysis. 👊
Here is the full narrative.
Price broke structure to the downside and delivered aggressively lower — almost tapping the $61 ERL before reversing. Crucially price did not fully reach the ERL. It left equal lows just above the $61 level before retracing back into the IRL zone.
Those equal lows are significant. They represent buy stop liquidity sitting below the previous low — and the market almost always returns to sweep that liquidity before any meaningful reversal. The IRL to ERL delivery is incomplete.
Price has now retraced into the Weekly FVG + Breaker confluence at $70.86 — the IRL. This is the distribution zone. This is where the next leg lower begins.
Watching for 4H -1H confirmation today or tomorrow. A rejection candle, IFVG or EBP printing at this zone is the trigger. Weekly profile expectation — high of week printing Monday or Tuesday from this IRL before delivering lower into the back half of the week.
Once confirmed the target is clear — sweep the equal lows then deliver to the $61 ERL.
Structure: IRL to ERL — delivery incomplete
Entry trigger: 4H confirmation at Weekly FVG + Breaker 70.86
Weekly profile: High of week Mon/Tue → delivery lower
Liquidity target: Equal lows sweep below previous low
Target ERL: $61.01
Invalidation: 4H close above Breaker zone 70.86
Not financial advice — just my analysis. 👊
Trade chiuso: obiettivo raggiunto
I don't want to say that I nailed it. But I did - this played out exactly as expected from our POI - till targetWell done if you took it
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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.