Still using smart money concepts we have a set up with Risk Reward of 1:9
In the higher frames we see a bearish trend.
In the 1 hour time frame we see a series of equal highs. This means there is accumulation of liquidity above this equal highs.
Secondly we see price taking out that liquidity in a form of stop raid leaving behind an order block in the 30 minutes Time frame.
Price is to return to this order block and go on a continuous sell.
Therefore we can choose to enter at the marked box or use Wyckoff in the 5 minutes time frame.
Our entry is 0.71418
Our stop loss is 0.71550
Our take profit is 0.70133
In the higher frames we see a bearish trend.
In the 1 hour time frame we see a series of equal highs. This means there is accumulation of liquidity above this equal highs.
Secondly we see price taking out that liquidity in a form of stop raid leaving behind an order block in the 30 minutes Time frame.
Price is to return to this order block and go on a continuous sell.
Therefore we can choose to enter at the marked box or use Wyckoff in the 5 minutes time frame.
Our entry is 0.71418
Our stop loss is 0.71550
Our take profit is 0.70133
