I will review a recent trade I took and walk you through my thought process from start to finish.
Image 1
This image shows my H12 chart and the weekly range on the left side. I drew a weekly range from the March low wick to the April top and applied Fibonacci levels of 0, 0.5, and 1 to identify key levels.
On the H12 chart, I noticed a bearish market structure break in April, leading to lower lows and lower highs, ultimately reaching the equilibrium (eq) level of the weekly range. Additionally, I found a Daily/H12 Orderblock just below the eq level, which, combined with the high liquidation levels highlighted in my Sunday Hyblock update, gave me confidence to look for bullish setups.
Image 2
where I entered the trade on the M15 chart. Once the price dropped into my point of interest (Orderblock), I closely monitored the charts for a swing failure pattern.
On the M15 timeframe, I identified a swing failure pattern followed by a quick rally to the upside, breaking market structure with displacement. I had two options for entry: either enter based on the candle close or wait for a small retracement back into the M15 Fair Value Gap before entering.
To summarize, by analyzing multiple timeframes and incorporating the confirmation from Hyblock, I successfully entered the trade near the bottom.
I will review a recent trade I took and walk you through my thought process from start to finish.
Image 1
This image shows my H12 chart and the weekly range on the left side. I drew a weekly range from the March low wick to the April top and applied Fibonacci levels of 0, 0.5, and 1 to identify key levels.
On the H12 chart, I noticed a bearish market structure break in April, leading to lower lows and lower highs, ultimately reaching the equilibrium (eq) level of the weekly range. Additionally, I found a Daily/H12 Orderblock just below the eq level, which, combined with the high liquidation levels highlighted in my Sunday Hyblock update, gave me confidence to look for bullish setups.
Image 2
where I entered the trade on the M15 chart. Once the price dropped into my point of interest (Orderblock), I closely monitored the charts for a swing failure pattern.
On the M15 timeframe, I identified a swing failure pattern followed by a quick rally to the upside, breaking market structure with displacement. I had two options for entry: either enter based on the candle close or wait for a small retracement back into the M15 Fair Value Gap before entering.
To summarize, by analyzing multiple timeframes and incorporating the confirmation from Hyblock, I successfully entered the trade near the bottom.