Smart Money Sell stops below the the wicks. Aim for a new low. like 1.16408 then 1.16320...
Ok so I already Scalped this. Depending on my bias that could be the low for the day. Or it could be retracing for a better entry. Just waiting on London Open to Find out.
Ok so I already Scalped this. Depending on my bias that could be the low for the day. Or it could be retracing for a better entry. Just waiting on London Open to Find out.
Trade closed: target reached:
Scalped for 10 pips
Trade closed: target reached:
Was my entry and exit
Trade closed: target reached:
After it retraced to where I thought it would in my original chart. I went short and I aimed for the original idea of 1.16230 and nailed it. I'll take an additional 37 pips with almost zero draw down.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
