GBPCAD Long Idea Conservative 130 pip target
For the rest of my life, my setups will have the same concepts/follow the same criteria.
I look for spots that institutions have played ball at. If you zoom out you will see they pushed price up previous from the blue line I have drawn.
I'm just looking to see if they want to play with that price again. I think they do because they just pushed price down to trigger sell orders, only to begin reversing it backwards.
The trap move behavior gives me more confidence in going long. Market structure on the 4HR screams reversal to me as well.
I will be looking to enter right where those sell orders got triggered, as they trap them and go long off the retest.
Entry Trigger (always the same):
1 minute or 5 minute harmonic pattern
My entry for the harmonic is type II divergence in the prz of the harmonic, my stop loss is set by ATR x2 from the entry chart.
My targets are set from the 1 hour, in this instance it would be around 1.7100
This could make for a very healthy trade.
REQUIREMENT: I'd like to see the 7am-8am candle close bullish, I want to see price climb 20-30 pips higher, to show me the banks are still long.
I look for spots that institutions have played ball at. If you zoom out you will see they pushed price up previous from the blue line I have drawn.
I'm just looking to see if they want to play with that price again. I think they do because they just pushed price down to trigger sell orders, only to begin reversing it backwards.
The trap move behavior gives me more confidence in going long. Market structure on the 4HR screams reversal to me as well.
I will be looking to enter right where those sell orders got triggered, as they trap them and go long off the retest.
Entry Trigger (always the same):
1 minute or 5 minute harmonic pattern
My entry for the harmonic is type II divergence in the prz of the harmonic, my stop loss is set by ATR x2 from the entry chart.
My targets are set from the 1 hour, in this instance it would be around 1.7100
This could make for a very healthy trade.
REQUIREMENT: I'd like to see the 7am-8am candle close bullish, I want to see price climb 20-30 pips higher, to show me the banks are still long.