GQG Approaching Strategic Area of Interest
GQG has pulled back sharply from the $3.12 high and is now approaching a key Fair Value Gap (FVG) that warrants close tracking. While the probability of this zone holding is reduced due to excessive volume pressure, the setup still offers potential for a favorable risk-to-reward trade, especially if structure and timing align.
Why the FVG Still Matters
Price is testing a major support zone formed by previous highs.
The area sits within a Low Volume Node (LVN), which may act as a barrier to price acceptance.
Proximity to the yearly S1 pivot opens the door for a classic fakeout scenario. Price could spike below the FVG, trap late shorts, stop out longs, and then close back above the pivot.
Trade Scenarios (Early Framework) Still developing, these are preliminary overlays to add to watchlist.
Scenario 1 – Less Likely
Price prints and closes a high-volume bullish monthly candle that tags the Equilibrium of the FVG.
If confirmed, entry would be on the open of the next monthly candle.
Scenario 2 – More Likely
Price pushes down to the yearly S1 pivot, then prints a bullish reversal candle.
Entry would be on the open of the next candle, contingent on structure and volume confirmation.
Targets
Initial target: Macro 50% retracement projected from ATH to ATL.
If price breaks and closes above this level, we could begin mapping for new highs, but for now, we take it one leg at a time.
This isn’t a rush setup, it’s a structure-first, and just being patient.
Why the FVG Still Matters
Price is testing a major support zone formed by previous highs.
The area sits within a Low Volume Node (LVN), which may act as a barrier to price acceptance.
Proximity to the yearly S1 pivot opens the door for a classic fakeout scenario. Price could spike below the FVG, trap late shorts, stop out longs, and then close back above the pivot.
Trade Scenarios (Early Framework) Still developing, these are preliminary overlays to add to watchlist.
Scenario 1 – Less Likely
Price prints and closes a high-volume bullish monthly candle that tags the Equilibrium of the FVG.
If confirmed, entry would be on the open of the next monthly candle.
Scenario 2 – More Likely
Price pushes down to the yearly S1 pivot, then prints a bullish reversal candle.
Entry would be on the open of the next candle, contingent on structure and volume confirmation.
Targets
Initial target: Macro 50% retracement projected from ATH to ATL.
If price breaks and closes above this level, we could begin mapping for new highs, but for now, we take it one leg at a time.
This isn’t a rush setup, it’s a structure-first, and just being patient.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.