Took this extremely precise trade this morning on GBP/USD off the 15 minute chart.
We're trading at price highs from 2022, due to all the current fundamentals (which needs to be a topic for another day).
But price showed some really good bearish confluences for a nice session based trade.
Entry was based on the below technical analysis logic:
- 15m order block
- 61.8% FIB retracement (golden ratio)
- 1.375 key price level (the secret sauce ;) )
I set a conservative TP off a previous 5m structure low and SL was simply set at the current structure high.
This resulted in a 1:3RR trade setup.
Aman | SMC Wolf FX
p.s. i'm currently taking on students who are wanting to learn the way I trade with precision (check out my signature)
We're trading at price highs from 2022, due to all the current fundamentals (which needs to be a topic for another day).
But price showed some really good bearish confluences for a nice session based trade.
Entry was based on the below technical analysis logic:
- 15m order block
- 61.8% FIB retracement (golden ratio)
- 1.375 key price level (the secret sauce ;) )
I set a conservative TP off a previous 5m structure low and SL was simply set at the current structure high.
This resulted in a 1:3RR trade setup.
Aman | SMC Wolf FX
p.s. i'm currently taking on students who are wanting to learn the way I trade with precision (check out my signature)
"Give a man a signal, and he’ll trade for a day. Teach him Smart Money Concepts, and he’ll trade with confidence for life."
👉 1-1 Mentorship: smcwolffx.com
💬 Public Discord: discord.gg/PXwnjP9B8x
👉 1-1 Mentorship: smcwolffx.com
💬 Public Discord: discord.gg/PXwnjP9B8x
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.
"Give a man a signal, and he’ll trade for a day. Teach him Smart Money Concepts, and he’ll trade with confidence for life."
👉 1-1 Mentorship: smcwolffx.com
💬 Public Discord: discord.gg/PXwnjP9B8x
👉 1-1 Mentorship: smcwolffx.com
💬 Public Discord: discord.gg/PXwnjP9B8x
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.