Americana Restaurants International PLC

3 Mar

### **Key Observations:**
1. **Sell-Side Liquidity (SSL) Taken:**
- The price has previously swept the **sell-side liquidity** (lower stop orders), indicating a potential **reversal or accumulation phase**.

2. **Fair Value Gap (FVG) Overlapping:**
- A **bullish FVG** is visible, meaning that price might revisit this area as part of a retracement before continuing upward.

3. **Internal Liquidity Target:**
- The first **internal range liquidity (IRL)** target is around **18.67%** from the current level.

4. **Buyside Liquidity Target:**
- The **major target** is at **53.98%** from the current price, indicating a strong bullish potential move.

5. **Expected Price Movement:**
- If the price respects the **ERL (Equilibrium Range Level)** and does not drop below key liquidity levels, a **bullish continuation** could be expected toward the **FVG** and then toward the **buy-side liquidity**.

### **Potential Trading Plan:**
- **Entry:** Look for confirmation near **internal liquidity** or the FVG area.
- **Target 1:** **18.67% move** toward **internal liquidity**.
- **Target 2:** **53.98% move** toward **buy-side liquidity**.
- **Invalidation:** A break below **sell-side liquidity** could invalidate the bullish setup.

This setup suggests a possible **bullish market structure shift** if the price holds key liquidity levels. 🚀

3 Mar

Not