*SMC = Smart Money Concept. See related Ideas* It's showing willingness to go to buy side on a Tuesday meaning this could make the high for the week. I put the entry as now, put the take profit near the current high could be below, and the stop loss at the xurrent low minus the average true range and you'll get 1.88. I believe this should result in a winning trade if not at least 30 pips. even though I think i have it much more than that.
Good Luck!
GBPUSD
GU1!
DXY
Good Luck!
GBPUSD
GU1!
DXY
Trade closed: target reached:
Nailed it..Within 30 inutes Take profit was reached. I should put more into this and help a little longer. But rule #1 never get greedy. Practice your principles.
Comment:
Update: This could possibly be the high of the week per weekly formation forecasts. As it looks like the current high, were top draw back, the 4 hour Liquidity point is aty exactly the golden ration of 162% so buyer beware. I would be careful adding longs unless the 4 hour structure is broken. Until then I am going to assume it is headed toward a downside liquidity direction which is one of the tree arrows places in this chart
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
