As you can see GBP USD is in a bullish momentum, but i see a clear manipulation of highs from 4h going to 15min TF each. So i decided to take sell trade in one of the POI (point of interest) i am seeing in the charts, of course based on proof not on speculation.
After seeing validity on 1H TF , I checked again the 15minutes TF (my favorite TF for pending order to maximize risk to reward ratio) only to find out that it gives me a reason to sell and aim for that level ( check the charts for details.) . Another key factor here is always checked the market structure starting from daily-4h-3h-2h-1h-30min-15min for confluences.
RR: 1:6 (simple trade) wyckoff schematics trade.
work smart :)
Trade closed manually
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manual close at 1.25199 because of 3min and 5min tf accumulation schematics
Your advice to work smart by thoroughly analyzing market structure across multiple timeframes is valuable for any trader. Keep up the insightful analysis!
Hafiz641
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only buy, because usd will be weak, and BOE will not change interest rate
Hafiz641
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wrong... its buy for a long time
Nuelz007
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Nice 👍
yk140918
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I wish you could post your analysis sooner so that we can use it
glyrad
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@yk140918 I am not giving signals to anyone. it is for educational purposes only. trade at your own risk.
Hafiz641
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Sl done
glyrad
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@Hafiz641, SL done if you are not monitoring your trade in lower tf. But for me I got 1:2.5 RR here. NO LOSS in this trade because of patience. I think you are a newbie focusing on winrate not on ROI.