Sharing this beauty of a trade during London session which was closed just before the high impact news of BoE interest rate.
I utilised the power of 3 concept in this mornings setup summaried below:
1. Accumulation: A phase of consolidation where I see institutions filling in orders and keeping price within a range.
2. Manipulation: A breakout to take out liquidity before trading towards a specific direction. In this case I expected price to take out sell side liquidity before taking out the previous high throughout the morning trading session before high impact news.
3. Distribution: Then finally price trading towards it's market objective.
A 1:6rr trade was secured this morning through a 1 minute entry off a order block which was created after a smaller time frame shift of structure.
Aman | SMC Wolf FX
I utilised the power of 3 concept in this mornings setup summaried below:
1. Accumulation: A phase of consolidation where I see institutions filling in orders and keeping price within a range.
2. Manipulation: A breakout to take out liquidity before trading towards a specific direction. In this case I expected price to take out sell side liquidity before taking out the previous high throughout the morning trading session before high impact news.
3. Distribution: Then finally price trading towards it's market objective.
A 1:6rr trade was secured this morning through a 1 minute entry off a order block which was created after a smaller time frame shift of structure.
Aman | SMC Wolf FX