Sharing this beauty of a trade during London session which was closed just before the high impact news of BoE interest rate.
I utilised the power of 3 concept in this mornings setup summaried below:
1. Accumulation: A phase of consolidation where I see institutions filling in orders and keeping price within a range.
2. Manipulation: A breakout to take out liquidity before trading towards a specific direction. In this case I expected price to take out sell side liquidity before taking out the previous high throughout the morning trading session before high impact news.
3. Distribution: Then finally price trading towards it's market objective.
A 1:6rr trade was secured this morning through a 1 minute entry off a order block which was created after a smaller time frame shift of structure.
Aman | SMC Wolf FX
I utilised the power of 3 concept in this mornings setup summaried below:
1. Accumulation: A phase of consolidation where I see institutions filling in orders and keeping price within a range.
2. Manipulation: A breakout to take out liquidity before trading towards a specific direction. In this case I expected price to take out sell side liquidity before taking out the previous high throughout the morning trading session before high impact news.
3. Distribution: Then finally price trading towards it's market objective.
A 1:6rr trade was secured this morning through a 1 minute entry off a order block which was created after a smaller time frame shift of structure.
Aman | SMC Wolf FX
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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.
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.