LONG on ALGO
Price surpassed the previous high of 0.1504 and continued above, breaking the marked 4HR order block. A valid retest of the OB would signify an opportunity for a relatively strong long position, in my opinion.
There is an unmitigated FVG (0.156) from May of this year that could serve as resistance for a bounce. If price nears the FVG and pulls back for the retest, the OB (0.1530-ish) will be the point of entry.
(Note that price could just as easily reverse and retest before reaching the FVG)
My trade:
SL - Placed comfortably below the OB
Target - Balanced Price Range around the ballpark of 0.1750
There is an unmitigated FVG (0.156) from May of this year that could serve as resistance for a bounce. If price nears the FVG and pulls back for the retest, the OB (0.1530-ish) will be the point of entry.
(Note that price could just as easily reverse and retest before reaching the FVG)
My trade:
SL - Placed comfortably below the OB
Target - Balanced Price Range around the ballpark of 0.1750
Dagangan aktif:
Long Entry @ 0.1540
Dagangan ditutup: hentian tercapai:
Stop loss hit from the market dump