$GBPUSD - Fed Rate To Rally Dollar Until 2Q *SMC*
*SMC = Smart Money Concept - See related Ideas for Tutorials on these concepts.
I pulled two smart Money Fibs on the latest waves. The largest of the two has a Liquidity point that could be broken by the end of the quarter as "Smart Money" or the intuitional powers that be, may push it that way. After it breaks the Liquidity Level (Below 1.20120) or near the top of the Order Block, which is also my first safe entry, then I believe The Pound will catch up and turn Bullish. So My SL is 1.18693 and Take profit is 1.25092 making it a 2:1 R:R I'm taking the Smart Money principles and risking the Most that you should at 3% of your account. Typically, you don't want to risk more than 2%. Just an FYI for any new trader that maybe reading this idea.
Happy Trading
- BXW
I pulled two smart Money Fibs on the latest waves. The largest of the two has a Liquidity point that could be broken by the end of the quarter as "Smart Money" or the intuitional powers that be, may push it that way. After it breaks the Liquidity Level (Below 1.20120) or near the top of the Order Block, which is also my first safe entry, then I believe The Pound will catch up and turn Bullish. So My SL is 1.18693 and Take profit is 1.25092 making it a 2:1 R:R I'm taking the Smart Money principles and risking the Most that you should at 3% of your account. Typically, you don't want to risk more than 2%. Just an FYI for any new trader that maybe reading this idea.
Happy Trading
- BXW
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
