Taken a long scalp on US 30 targeting the 5min imbalance (red box)
Entry 39269 TP 39330 SL 39255
Taken some profits and letting the rest run.
You'll noticed the 15min imbalance (blue box) held up nicely and confirmed further pa to the upside. Simply applying HTF concepts to the LTF and getting our nice entries this way...
The market moves in ranges and seek LIQUIDITY regardless of the timeframe.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.