Looking to short GJ based off wykoff distribution. Trend has been bullish for the past few days but we see that on the 15TF there is an OB which is currently being respected right now and price is consolidating at the area. We believe that price will come down and take out the double bottoms created on the 4HR TF. Looking to catch 60 pips but willtake profits at 15 and let the trade run risk free INSHAALLAH.
Comment:
PENGUINED TRADE. Went the way we thought it would and it hit our 60 pip TP. Many more PENGUINED TRADES to come.