hopiplaka1

Shorting GBPUSD after it hit the 1H order block

FX:GBPUSD   British Pound/U.S. Dollar
424 5 7
DXY             hit the 1H bullish order block and GBPUSD             hit the 1H bearish order block at the same time.
It was outside the LO or NYO so I wait for a nested OTE             to enter short.

The 1H renko line at 1.5975 (.80 institutional level) acted as a support line where we can draw a hidden OTE             from. OTE             zone aligns with the 1H bearish order block.

Power of 3 tells us we will see a small upside retracement into the .20 institutional level zone and we probably see a down close.

Take profit around the previous swing low, but we might see 1.5750'ish levels
Trade was closed successfully for a r/r ratio of around 4
Reply
AusDoc hopiplaka1
2 years ago
Great work Hopi. I guess you had your coffee. :)
Reply
hopiplaka1 PRO AusDoc
2 years ago
Enough coffee to earn a decent espresso machine I'd say :)
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walshman
2 years ago
I also had this analysis and took the trade. :-) ICT Rocks!
Reply
hopiplaka1 PRO walshman
2 years ago
Great analysis and trade setup Walshman, keep up the great work!
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