GBPUSD Long after order block mitigation
Looking for GU to continue it's bullish trend after this 4HR order block is mitigated. I've refined down just to the 15min and will look for structure if/when the OB is reached.
Could go in blind order here with a limit buy order.
Entry - 1.38494
SL - 1.38420
TP - 13RR
Could go in blind order here with a limit buy order.
Entry - 1.38494
SL - 1.38420
TP - 13RR
Note
Came down and just hit the top of the 4HR Order block. I Will see if it comes back to the entry area. Note
"blind enty" would have been stopped by less than a pip. Didn't take the trade as I was looking for structure/wyckoff to get inNote
taking a trade based on the 1M in this area. Will go BE as shown. Note
Trade at Breakeven! will take off 50% at partial shown and will let the rest go. targeting new highs around 20RR.Note
Out at BE Note
will look for a similar setup here as I think we will drop from here. Order cancelled
Got the move up as expected. Refinement was off and would have been stopped out. Overall right idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.