*SMC = Smart Money Concept. See related Ideas* It's showing willingness to go to buy side on a Tuesday meaning this could make the high for the week. I put the entry as now, put the take profit near the current high could be below, and the stop loss at the xurrent low minus the average true range and you'll get 1.88. I believe this should result in a winning trade if not at least 30 pips. even though I think i have it much more than that.
Nailed it..Within 30 inutes Take profit was reached. I should put more into this and help a little longer. But rule #1 never get greedy. Practice your principles.
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Update: This could possibly be the high of the week per weekly formation forecasts. As it looks like the current high, were top draw back, the 4 hour Liquidity point is aty exactly the golden ration of 162% so buyer beware. I would be careful adding longs unless the 4 hour structure is broken. Until then I am going to assume it is headed toward a downside liquidity direction which is one of the tree arrows places in this chart
@SgtBlackGold, Thank you @SgtBlackGold, I was mentored by the very best in 2021, And in the past 11 months it has shown. I'll try to provide more content on my socials to bring awareness to this type of strategy. Hope you're having a good trading day :) - BXW