$WIF
A higher timeframe breakout is pulling back into a fresh fair value gap.
Trade: Long 📈
Entry: 0.2575
Stop Loss: 0.2467
Take Profit: 0.2802
The 1 hour chart shows a strong bullish trend with price at 74.7% premium, indicating a breakout. A recent break of structure at 0.2637 confirms momentum. The 5 minute chart shows a bearish retracement into discount, creating a minor pullback opportunity. Price is approaching a fresh bullish fair value gap between 0.2583 and 0.2592 that formed from a recent sell-side liquidity sweep. Entering a LONG at 0.2575 targets the higher timeframe buy-side liquidity at 0.2802, offering a 2.9 reward-to-risk ratio. The stop is placed at 0.2467 below the lower timeframe bullish fair value gap zone, protecting against a deeper reversal while respecting the overall bullish structure.
Target the untested buy-side liquidity above the recent swing high.
A higher timeframe breakout is pulling back into a fresh fair value gap.
Trade: Long 📈
Entry: 0.2575
Stop Loss: 0.2467
Take Profit: 0.2802
The 1 hour chart shows a strong bullish trend with price at 74.7% premium, indicating a breakout. A recent break of structure at 0.2637 confirms momentum. The 5 minute chart shows a bearish retracement into discount, creating a minor pullback opportunity. Price is approaching a fresh bullish fair value gap between 0.2583 and 0.2592 that formed from a recent sell-side liquidity sweep. Entering a LONG at 0.2575 targets the higher timeframe buy-side liquidity at 0.2802, offering a 2.9 reward-to-risk ratio. The stop is placed at 0.2467 below the lower timeframe bullish fair value gap zone, protecting against a deeper reversal while respecting the overall bullish structure.
Target the untested buy-side liquidity above the recent swing high.