ADA: Day-/Swingtrading Setup 13.05.2024
In the Daily Chart, we have a big expansion to the downside. The Fib 0.382 & 0.618 represent swing trading targets TP1 and TP2.
![](https://media-files.takeprofit.com/59RSbsDr_ET2RnnbahL9O.webp?height=847&width=1917&quality=80)
When looking at the 4h chart, we see some buyside liquidity and resting above the relatively equal highs and slightly higher a significant FVG. Even though price is likely to go even higher than that, these two levels represent two very good TP levels.
![](https://media-files.takeprofit.com/Sakq6iCI7DHWwkZ6LSTTM.webp?height=850&width=1918&quality=80)
Price moves into the FVG, grabs the liquidity and missed orders, and will now go straight back down to the breaker and the small FVG above it.
![](https://media-files.takeprofit.com/hvY4th8JzaQtHGtLGaOOk.webp?height=856&width=1918&quality=80)
Going down the timeframes, we can see a big, beefy candle that went straight for the +Breaker after taking the Stops from the previous move higher.
![](https://media-files.takeprofit.com/iTbf7dPLquVDJLptCcYwE.webp?height=847&width=1918&quality=80)
Let's check out that 1m: As you can see, the price quickly retraced and consolidated within the FVG.
Now after dipping into the Gap we identified a nice trading setup and can expect price to move higher from here on out.
![](https://media-files.takeprofit.com/kYcKWmp5uxPEwnBSiTago.webp?height=855&width=1918&quality=80)
Update:
As soon as it broke that high in white, Stop above BE into profit
![](https://media-files.takeprofit.com/0oJwe-84WffFMPazl8jX4.webp?height=856&width=1918&quality=80)
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