Key Elements
45M Order Block: This represents a significant price zone where institutional orders might be present. Price is likely to react when it reaches this area.
LQ Sweep 1: Liquidity sweep, indicating a point where the market takes out previous lows or highs to grab liquidity before reversing. This is a common stop-hunt area.
FVG + Imbalance: Fair Value Gap and Imbalance areas suggest zones where price may return to fill gaps. These can act as potential targets or reversal points.
Shift 2 and OB (Order Block): Another area indicating potential supply where price previously reacted, suggesting future resistance or target.
CHOCH (Change of Character): This marks a potential trend reversal point where the market structure shifts from a bullish to bearish trend or vice versa.
Lower High / Break of Structure (LH / BOS): Indicates a break in the market structure, confirming a trend change.
OB Unmitigated: This shows an order block that hasn't been tested yet, indicating a potential area of interest for buy orders.
$$$: Representing areas of high liquidity, often targeted by the market.
Current Setup and Projection
Entry and Stop-Loss: The green area shows a long entry position with a stop-loss slightly below the OB unmitigated area.
Target: The target is set at the FVG+ area, suggesting a significant upward move from the current price level.
Trade Idea
The chart suggests entering a long position near the current price level of around 2324.725, with a stop-loss set around 2313.000. The target for this move is around 2349.500, aiming for the FVG+ or imbalance area.
Additional Observations
Liquidity Sweeps: Multiple liquidity sweeps indicate attempts to grab liquidity before making significant moves, suggesting volatility.
Trendlines and Structure: The chart shows a mixture of bullish and bearish structures, indicating potential consolidation before a breakout.
Conclusion
The chart indicates a bullish setup, with the expectation that the price will move towards the FVG+ area after filling the order blocks and imbalances below. The setup suggests a long position with a risk-reward ratio favoring the upside, targeting the next significant supply area.
If you have any specific questions or need further details on this analysis, feel free to ask!