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hopiplaka1
Feb 11, 2015 7:42 AM

Potential 20 R:R long setup on GU Long

British Pound/U.S. DollarFXCM

Description

This setup is based on stop runs and breakers.

The green support lines are the top and open price of the DAILY breaker block.

We bounced off of the support line with another stop run on the 1H, with SMT divergence between GU and EU.

Price retraced, broke market structure and went straight into the 70.5 sweet spot.
This was also a reflection pattern out of the asian session, with the move down we want to see for up days (power of 3 concept)

I try to fill the liquidity void all the way up to the daily bearish order block
Comments
studley
Very nice so far - is this straight out of ICT's drawer? I see he'd tweeted that this last month was going to be doing live analysis real trades but havent seen anything of him on twitter since then?
hopiplaka1
The breaker and mitigation block concept is from the Market maker 5 video, reflection and OTE are his core stuff. But it's all ICT material yes.
It's doing prettyn welll yes, currently sitting at a 4:1 RR
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