Kenric F0 Square(@QAlpha)'s insights

Post

--Bearish

The price pulled back (wicked down) into the lower 4H zone, so we’ll go with Plan 2.  - On the 15-minute timeframe, price has formed a BOS and we’re now waiting for a CHOCH to the downside. After that, we expect a liquidity sweep and will look for an entry at the 4H FVG zone.
  - Once we get a confirmation candle, we can enter a SELL position, with SL and TP as shown in the image. 🚀

Kenric F0 Square

Bearish

The price has formed a BOS, but instead of reversing, it continues to move straight up into the 4H FVG zone.
Next trading strategy:
- Wait for a candle to close above the lower 4H FVG zone. Then, wait for the price to reach the upper 4H FVG zone and look for a market structure shift on the 15-minute timeframe before entering a SHORT position.
- If the candle does not close above the lower 4H FVG zone (I notice the volume is quite high, so there is a strong possibility it will close above this zone), you can still look for a market structure shift on the 15-minute timeframe to enter a SHORT position.

#BTC

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BTC+1.35%

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}The price pulled back (wicked down) into the lower 4H zone, so we’ll go with Plan 2.

The price pulled back (wicked down) into the lower 4H zone, so we’ll go with Plan 2.