-Bearish Bias starting the day, heading to a 4 hour fvg
-Took 15min sell side liquidity on market open, did not displace upward for a change in direction so I did not assume that market would run buy side liquidity.
- Price retraces to exactly 50% from swing high to low, then continues lowers to wick a few ticks below FVG.
- Price respected the 15min FVG by not closing above it, does wick above up into the 50% mark as stated above.
- PM session reversed to upside with no clear indication for entry
Trade would have taken 30m-1hr to hit the profit target, with a reward of 60ticks while risking 20, RR 3.
-Took 15min sell side liquidity on market open, did not displace upward for a change in direction so I did not assume that market would run buy side liquidity.
- Price retraces to exactly 50% from swing high to low, then continues lowers to wick a few ticks below FVG.
- Price respected the 15min FVG by not closing above it, does wick above up into the 50% mark as stated above.
- PM session reversed to upside with no clear indication for entry
Trade would have taken 30m-1hr to hit the profit target, with a reward of 60ticks while risking 20, RR 3.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.