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$OP : Local CHoCH in the Discount zone. Is a rebound being prepared?
Bulls begin showing signs of life after a deep correction. The higher timeframe (4H) still maintains a bullish context, and the current discounting is only a search for liquidity before a new impulse.
Although the 1H structure is still bearish, on 15m a local bullish CHoCH occurred from the key level $0,0988. Price is holding above the bullish Order Block / FVG ($0,01010–$0,01018) and is preparing to remove the nearest liquidity pools (EQH around $0,01040).
The preferred scenario is a surge of the corrective long toward the hourly resistance zone (1H Bearish OB / FVG $0,01060–$0,01070).
🎯 Trading plan (Counter-trend Long):
Entry Zone: 0,1015 – 0,1022 (entry from the 15m bullish order block on a pullback).
TP: 0,1062 (take profit before the 1H Bearish OB and the removal of liquidity above EQH $0,1040; R:R ≈ 1:3.2).
SL: 0,1005 (a close below the swing low will invalidate the setup and send price toward $0,0988).
💡 Conclusion:
Trading rebounds against the 1H trend requires strict discipline, but a confirmed 15m CHoCH and R:R > 1:3 make this trade mathematically justified.
💬 Are you taking this counter-trend long from OP, or are you waiting for price to reach the hourly resistance zone for a short? Write in the comments! 👇
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