
razpit
@t_razpit
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razpit

As you can see FTM respects a lot the Composite Market Profile Value Areas.It broke into from below, retested, then traversed to the upper side, on three lower composites.I was scouting price under the wick (first RR tool on chart) for a quick SFP liquidity grab, but it didn't gave me that opportunity. Another lower RR opportunity would be at the retest of the Range VAL (pink arrow), with a target at about $0.507 at the naked time POC & vol POC.

razpit

Potential Setup:ONDO finds itself under a 3 day market profile composite (formed by 28-30 Aug). If price can find acceptance above $0.64 CVAL (composite value area low) either by breaking it convincingly OR by spending enough time above it, we may end up with a full composite traversal to the upside CVAH at $0.67.Overall Bias:The high time frame bias is bearish, but that won't affect this small trade. The mid time frame will flip bullish with the mentioned acceptance. And the short term bias is currently bullish.Structure:Market Structure is good. We are currently breaking (to the upside) and retesting the value area high of another 3 day composite.
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