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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.

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. 

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.

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.

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.


As soon as it broke that high in white, Stop above BE into profit

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oh, its starts quickly, nice entry 🚀 Tell us more !
13 May Edited