GBPUSD - Sell trade July 24 2024
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- busy with some learning materials as I level up on analysis and data.
attached here is the GBPUSD
july 24 2024 trade.
I noticed supply introduced in daily TF up to 4H TF ( markets are fractal) . It makes me conclude that it will be a bearish momentum (correction) because of wyckoff accumulation last week. As I continue to monitor the charts during London session, I noticed liquidity sweep in highs of the structure, so I create an alert in my algorithm to alarm when it noticed a tiny supply introduced in 15 min TF. Setting a pending order aiming to have 5:1 RR. During N.Y session, it moves according to plan, coming to fruition this morning (PH time) .
(check charts for a detailed analysis) # wyckoffdistribution #algorithm #supplyanddemand
- busy with some learning materials as I level up on analysis and data.
attached here is the GBPUSD
july 24 2024 trade.
I noticed supply introduced in daily TF up to 4H TF ( markets are fractal) . It makes me conclude that it will be a bearish momentum (correction) because of wyckoff accumulation last week. As I continue to monitor the charts during London session, I noticed liquidity sweep in highs of the structure, so I create an alert in my algorithm to alarm when it noticed a tiny supply introduced in 15 min TF. Setting a pending order aiming to have 5:1 RR. During N.Y session, it moves according to plan, coming to fruition this morning (PH time) .
(check charts for a detailed analysis) # wyckoffdistribution #algorithm #supplyanddemand
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