Same institutional candle theory behind this trade, I think I posted this idea on tradingview.com on my other account instead of uk but still, same idea.
Better R:R than my GBPUSD buy but literally the same setup, HTF bullish structure so look for buys, simple. Where to buy? Look for the last institutional candle
Running around 8% around 120 pips. Securing most...
From the idea yesterday running around 4.5%, 100 pips. Closing most my longs here and letting some run at BE.
Depending on how we react here we could short, if we blast through I will continue to hold.
Hope someone else caught this too! Caught an even better position on GBP JPY using the same institutional trading, running around 8%!
You can learn about...
Potential order block/ institutional candle where institutions have trapped sellers in the market before pushing the market higher. The institutions now need to mitigate their sell orders at break even before continuing the market higher. Stop loss below the wick of the institutional candle
Please like and comment with your ideas!