With last week's CPI report, price traded up substantially and created a big buyside imbalance. My bias for the week was for price to come down and trade into that imbalance and possibly the highs before it. As we can see price did that and that was when I started to look for entries to target new highs. Price broke structure and gave us an FVG on the 15m to enter on.
POSITION
- Entry 0.70121
- S/L 0.70021
- TP 0.71282
R:R
- 11.61
RISK
- 0,12%
- $1
- 10pips
REWARD
- 1,45%
- $11.61
- 116.1 pips
CONFLUENCES
- Previous Day High
- Break of Structure
- 15m FVG
- Daily Higher Low
- 78.6% Fib Retrace
POSITION
- Entry 0.70121
- S/L 0.70021
- TP 0.71282
R:R
- 11.61
RISK
- 0,12%
- $1
- 10pips
REWARD
- 1,45%
- $11.61
- 116.1 pips
CONFLUENCES
- Previous Day High
- Break of Structure
- 15m FVG
- Daily Higher Low
- 78.6% Fib Retrace