On the 15m chart, $RIF has just flushed from ~0.145 down to ~0.103, which means liquidity was taken and volatility is elevated. The higher-probability setup is waiting for the pullback/retest zone.
Trade Setup: Long (after pullback completion)
Entry Range: 0.092 - 0.096
SL: 0.088
TP1: 0.115
TP2: 0.130
TP3: 0.145
Setup Logic:
Massive liquidation candle suggests oversold conditions.
Wait for price to revisit the 0.09-0.096 demand area.
Look for bullish rejection wicks or a 15m higher low before entry.
If price reclaims 0.105 and holds, momentum can accelerate toward the previous impulse zone.
Current Status: ⏳ Waiting for pullback — no entry yet.
Chasing at 0.103 after a waterfall candle carries poor risk/reward compared with buying the retrace.
Trade Setup: Long (after pullback completion)
Entry Range: 0.092 - 0.096
SL: 0.088
TP1: 0.115
TP2: 0.130
TP3: 0.145
Setup Logic:
Massive liquidation candle suggests oversold conditions.
Wait for price to revisit the 0.09-0.096 demand area.
Look for bullish rejection wicks or a 15m higher low before entry.
If price reclaims 0.105 and holds, momentum can accelerate toward the previous impulse zone.
Current Status: ⏳ Waiting for pullback — no entry yet.
Chasing at 0.103 after a waterfall candle carries poor risk/reward compared with buying the retrace.