NY Killzone Trade
Price created the low in London taking out sell stops and a FVG from the previous day. Classic at 7 am displacement with a judus swing coming back into a FVG. At 7:45 candle a 3 candle pattern formed creating a FVG. At 8 am candle broke market structure tipping its hand for a long set up. At 8:20 candle was the entry at .618 on the fib.
I saw the FVG from sundays candle and supected that price would rally to that target and likely take out the buy stops just above. I exited once price hit the 15m FVG. I should have taken a partial cause at this moment its still rallying to the buy side.
I did not want to get greedy and it turn around on me.
Very pleased!
Price created the low in London taking out sell stops and a FVG from the previous day. Classic at 7 am displacement with a judus swing coming back into a FVG. At 7:45 candle a 3 candle pattern formed creating a FVG. At 8 am candle broke market structure tipping its hand for a long set up. At 8:20 candle was the entry at .618 on the fib.
I saw the FVG from sundays candle and supected that price would rally to that target and likely take out the buy stops just above. I exited once price hit the 15m FVG. I should have taken a partial cause at this moment its still rallying to the buy side.
I did not want to get greedy and it turn around on me.
Very pleased!