ICT & SMC Concept trading
Higher timeframe, price is still bearish. Fundamental GBP is neutral & USD still bullish.
Price retrace back in H4 bearish OB. Price taking buyside liquidity and pushed lower forming a lower low closing candle. That is a strong confirmation of institutional order flow towards the downside. It recreate a FVG from a rejection block. and Price rejected from rejection block and formed a lower strong momentum candle closing below forming a new FVG.
As the new FVG is formed, there is a bearish OB at the premium area PD Array. which make it valid to enter for 2nd time.
Set a short trade targeting H4 swing low with a R:R 1:8. But managing trade due to the lower win rate.
Higher timeframe, price is still bearish. Fundamental GBP is neutral & USD still bullish.
Price retrace back in H4 bearish OB. Price taking buyside liquidity and pushed lower forming a lower low closing candle. That is a strong confirmation of institutional order flow towards the downside. It recreate a FVG from a rejection block. and Price rejected from rejection block and formed a lower strong momentum candle closing below forming a new FVG.
As the new FVG is formed, there is a bearish OB at the premium area PD Array. which make it valid to enter for 2nd time.
Set a short trade targeting H4 swing low with a R:R 1:8. But managing trade due to the lower win rate.
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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.