Hello Guys,
This pair has entered the weekly FVG but before doing that, it took out enough buy-side liquidity as marked on my chart. The pair had printed a bearish price structure on the monthly timeframe which explains why we should expect a bearish move to the marked TP on my chart.
I will go to lower timeframes most especially the 1-hour timeframe to look for my setup to take an entry short.
That's all folks.
If you have a question regarding this trade idea, let me know.
Cheers,
David
This pair has entered the weekly FVG but before doing that, it took out enough buy-side liquidity as marked on my chart. The pair had printed a bearish price structure on the monthly timeframe which explains why we should expect a bearish move to the marked TP on my chart.
I will go to lower timeframes most especially the 1-hour timeframe to look for my setup to take an entry short.
That's all folks.
If you have a question regarding this trade idea, let me know.
Cheers,
David
Trade active:
The trade idea seems to be playing out but I am currently in GBPJPY short trade. It my Sell Limit was triggered before CADJPY so I had to cancel but as we can see. All is well and good. My trade expectation to my first TP on CADJPY was 17R... that's wild