FX:GBPUSD   British Pound / U.S. Dollar
Price expanded up on the 4HR TF Bankers Candle and is currently in pullback (Flagging back), using that HTF Bias i identified the 1HR BC and IPA (IMBALANCE). This 1HR BC has been tagged and i look for double mitigation (to lesson). This BC also aligns with my FIB and take profit levels. I have placed a SELL LIMIT on this at 1% risk. Currently RR is 1:12 so that would be a 12% growth on my account for the week. My trade plan is to stick to the 1HR/4HR and Daily.

Thoughts?

Comments

Price was bearish and made some new lows and is slowly coming back to my POI, this is the double mitigation i was looking for, i have set an alarm and will look to enter this from my POI.
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