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Ndabezitha_Gumbo
Jan 12, 2021 9:53 AM

Sniper entry of GU 

British Pound/U.S. DollarFXCM

Description

These are the trades I'm currently in and are in profit. I trade institutionally so the first entry was based off an orderblock that was mitigated on by price, second and third entries were based on imbalances left of which market went and filled. Overall, today should be bullish.

First trade is 1:10 RR
Second is about a 1:9 RR
Third is also a 1:10 RR

Trade closed: target reached

Comments
FazalWahab
I think price will reverse at 1.36 as you can see on the chart we are in a downtrend on the hourly charts with consistent lower highs.
Djamel10
@FazalWahab short term I agree but over the next few days we may see a break higher
Ndabezitha_Gumbo
@FazalWahab, on the contrary. we are very bullish on higher TF. Price going down won't be as a result of a reversal, rather just a move to fill imbalances below. We are very likely to break 1.36980.
Ndabezitha_Gumbo
@Djamel10👍🏼
Ndabezitha_Gumbo
@FazalWahab As you have seen we've blown right through your estimated zone
AlkalineFX
We took the same trade, great work mate!
Ndabezitha_Gumbo
@AlkalineFX, Thanks👍🏼
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