FX:GBPUSD   British Pound / U.S. Dollar
This wasn’t my original bias granted. But if you learn to read price action, you can adapt to the movements in the market and still catch amazing RR’s which is really the ultimate goal.

My POI is based off of a BTS that took out EQH’s last night in the asian session, looking to get in on the 2 pip SL, if this idea doesn’t work I will update you
Comment: 7:52am Wednesday morning, price has retraced up to an imbalance, consolidating below it which is a set up I like to take, will be taking conformation from the DXY first

Comments

Ok. Goal not reached but short term range 5-10 pips achieved. Even more...
Reply
Mateeka Mateeka
@Mateeka Isn’t that you really said making low risk money.
Reply
@Mateeka, Literally man! Risking 0.5%-1% of your account on these trades you'll make a killing, but always remember the goal is to be profitable not to win
Reply
Totally agree
Reply
Broken down on the lower TF, the spring formed was used to smash through. It looks like smart money wants to sink lower before capturing orders above. The reason for this may be that there is a sell in drawdown stopping the market reaching higher
Reply
For the people who are studying wyckoff, we have just formed a spring on the 1m TF
Reply
We broke 5m structure upwards, waiting to see if it will respect the level or move higher
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out