Here's what to consider concerning GBPUSD mid-term.. price sought buyside liquidity and we're now right in the FVG.. Also, notice the Gab we got (annotated in red).. Everything you need is in the chart.. be encouraged to leave your opinions and comments..
the sl should be above the fvg level or at the buyside liquidity ? is that wick is enough to consider it taken ?
MST_Trader
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@malmohsin78 This wick has taken the buyside liquidity.. AFTER THAT we had a FVG.. If price broke the high which took the liquidity then the view is invalidated BUT that is not our SL because this is the frame of the anticipated trade and not an actual entry.. you should find your entry based on this framework, then set your sl accordingly.. (you will find the same framework that is on the daily in lower timeframes).. This idea is similar to my previous idea which was excellent, so be sure to take a look at it..