Considering the complete long-term overlap of previous impulses $SIREN
, the return to historical support levels and confirmed X-Sweep (liquidity sweep at the lows), a counter-trend long setup is prioritized. The mathematical expectation of the trade is skewed in favor of buyers due to the ability to place a short stop-loss below the liquidated low and target market inefficiencies (FVG) above.
Entry Zone: 0.0520 – 0.0565 (Entry within the current consolidation range above the historical support level after a confirmed liquidity sweep on lower timeframes).
TP1: 0.0780 — Taking the first part of the profit at the test of the nearest local resistance (marked as the blue level 0.0786 on the 4h TF) and local liquidity pool.
TP2: 0.1200 — Area of the source of the local drop and bearish CHoCH on the 15-minute chart.
TP3: 0.2000 — Testing a larger mid-term order block / FVG on the 4-hour chart (target level 0.2038).
SL: 0.0440 (Level set strictly below the deepest local low (X-Sweep). A price close below this level completely nullifies the accumulation structure and indicates a continuation of the asset's capitulation.
, the return to historical support levels and confirmed X-Sweep (liquidity sweep at the lows), a counter-trend long setup is prioritized. The mathematical expectation of the trade is skewed in favor of buyers due to the ability to place a short stop-loss below the liquidated low and target market inefficiencies (FVG) above.
Entry Zone: 0.0520 – 0.0565 (Entry within the current consolidation range above the historical support level after a confirmed liquidity sweep on lower timeframes).
TP1: 0.0780 — Taking the first part of the profit at the test of the nearest local resistance (marked as the blue level 0.0786 on the 4h TF) and local liquidity pool.
TP2: 0.1200 — Area of the source of the local drop and bearish CHoCH on the 15-minute chart.
TP3: 0.2000 — Testing a larger mid-term order block / FVG on the 4-hour chart (target level 0.2038).
SL: 0.0440 (Level set strictly below the deepest local low (X-Sweep). A price close below this level completely nullifies the accumulation structure and indicates a continuation of the asset's capitulation.