GU great high probability setup
Updated
Confirmations:
LTF matching HTF
Wyckoff accumulation
Triple bullish BOS
Secured lows with manipulation ( Elliot )
Fractal Second/1Min TF accumulations
TP 1 (partial): 1.22760
TP 2: 1.23430
SL: 1.22335
Comment
RR: 1:9.84Comment
SL moved to 1.22360Comment
If it breaks 1.22630 it will raise the probabilities a lot and should reach our TP 1 partial, i will close 50% of the position there.Comment
Volume and movement finally seems to grow which is good indication for this strategy, we should see some bigger moves in the next hour.Comment
Price just tapped 1.22630 which is not enought, we neeed full candle close above it.Comment
Price seems like building more liquidity but if it gets now back to our entry we need to be careful because in this situation if it doesnt form new accumulation/consolidation near the entry or above the trade may not hold.Comment
Finnaly we got break above 1.22630. Now i expect atleast TP 1 to be met. Before the news i will look for ways and confirmations to make this trade risk free.Comment
TP 1 partial hit and secured 4.30%. Now im waiting for some lows above the entry to get manipulated and after that form new high so that i can move SL to BE and make it risk free.Comment
Moving SL on entry so from now the trade is risk free. Im not gonna trail stop because i dont use this method.Trade closed: stop reached
SL got hit at BE and the trade is technically a loser but still made 4.30% from it with good management.
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