Fair Value Gap Strategy (FVG): GBPUSD 7.32x Reward Trade Education

GBP/USDOANDA

Description

⋅ Jul 1, 2023 4:55 PM

Check out this 7.32RR trade I took today on GBPUSD.

OANDA:GBPUSD

Trade Process:

Daily is bullish with FVG serving as draw on liquidity.

1HR: Took out Sellside liquidity left with BuySide liquidity to take out.

15M: London Session open took out 15M sellside liquidity with high probability of taking out Buyside liquidity.

Entry: I used my fib to locate OTE at the FVG which is where i placed my buy limit.

Price retraced to pick my order and fly high to take out the buyide liquidity and the daily FVG.

Comments

ChristopherDownie

⋅ Jul 2, 2023 2:23 AM

This should be in analysis. Not education. Nice trade tho

Elijahenoch7

⋅ Jul 2, 2023 7:34 AM

@ChristopherDownie,

I tagged it as education simply because the content of the post give insights into my thoughts process and why i took the trade.

The purpose of the post is to educate on why the trade was taken.

Thanks for the comment.