GBPJPY - SHORT: Trade Recap, 27/08/2024
Bias Analysis: Daily minor swing at equilibrium and 4H trading out of Order Block. 1H range was bearish with price at a 1H Order Block well within Optimal Trade Entry.
Entry Criteria: 15M protracted counter to my bias, swept upside liquidity and traded deep within the 1H Order Block before an engulfing candle printed.
Grade: High Quality Valid
What I did well or could do better:
- Exercised patience after the first 15M TBL sweep and reversal print as we had a shallow mitigation of the order block with a 1-sided fair value gap resting below.
- Observed the full picture and made a process based decision to enter, full accepting the risk.
- I could've been more mindful of inputting the correct data into my position size calculator as the position was too small.
Entry Criteria: 15M protracted counter to my bias, swept upside liquidity and traded deep within the 1H Order Block before an engulfing candle printed.
Grade: High Quality Valid
What I did well or could do better:
- Exercised patience after the first 15M TBL sweep and reversal print as we had a shallow mitigation of the order block with a 1-sided fair value gap resting below.
- Observed the full picture and made a process based decision to enter, full accepting the risk.
- I could've been more mindful of inputting the correct data into my position size calculator as the position was too small.
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