$GBPUSD -Broke Market Structure- Bullish for 1.36375 from 1.3579

3 thg 2, 2022

As you can see GBPUSD had some highs near 1.3587. Those highs were broken durng the morning volatility. It has retraced a little each and who knows I may have missed the entranced when uit already got below 1.35795 and hit near 1.35583. That was the gold move to buy. Yes it's slowly retracting but that's to make retail traders believe that it's actuall going to sell now. a) It's broken market structure B) There's Confluence at the 161.8% mark that includes going through th top of a Fair Valu Gap (15 min) brefore hitting a bearish order block. I'm just wanting for GBPUSD TO enter that Zone between 1.3795 probably mnost likely to the buliish order block of 1.35815 before adding another position, I had 3 decent scalps on GBPUSD this morning and I'm looking to capitalize one more time. Now, I do look at the economic calendar to give m clues as to when the volatility will happpen in the morning. However, Just because a bank is expected to raise interest rates diesn't necessarily mean that it wil be a bad thi9ng for the comapny. If infact, most smart Money (Deep pocket whales) Will use tat against in you, and drive it in your favor for a few minutes and and """#$% SLAM #$% Irt goes the opposite way. I have been hurt tooo many times going by what the eceonomic calendar says will be good for the currency rather than just look at the surroundings, find the liqquidity and Underastand it's probably going there.

And with that we have somewhat equal highs above with fair value gaps just prior. I have a feeling we should se somerthig similar to that I drw. I could be completely wrong, but we'lll see. Goofg Luck and Good Trading

Tedzily a.k.a. Bodies X Wix

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4 thg 2, 2022

Giao dịch đang hoạt động

Nailed all 4 enttries

4 thg 2, 2022

Ghi chú

I don't know what happened but after I posted this I dea I definitely came back in and said that I forgot to takje into consideration of r the ATR so I did and I also said I woulld set up 4 entries and I did. I definitely set my6 stop loss 20 pips lower than I had it becaiuse that was the atr reading when i Called this trade around 11 am

4 thg 2, 2022

Ghi chú

Took some profit at the first bearish order block. I is Friday so volatility is not in our favor. However all candles are Balanced and it seems as it will continue up.