gbpusd
Updated
i got stopped out on this mornings idea, was 1k up then price reversed and stopped me out for a £700 loss. minor. we have corrected ourselves and have identified this zone right here. currently, its approaching lunchitme in london session meaning the volatility of New York is about to kick in, just before new york we have a break of structure, which cleared liquidity from previous lows. we saw 5 double bottoms before this break.
we used the fixed range volume profile to identify where the volume had kicked in for this break to the downside. it lines up perfectly with my highlighted order block so we enter from here, using the point of control as added confluence.
right now im in long to the poc, floating £127, im ready to drop 10 lots on this trade to the downside.
weekly timeframe - bearish
day timeframe - bearish
4hr - bearish
this alone is 30% probability game, we have 4 added confluences which makes this a 70% trade, more than good enough.
we used the fixed range volume profile to identify where the volume had kicked in for this break to the downside. it lines up perfectly with my highlighted order block so we enter from here, using the point of control as added confluence.
right now im in long to the poc, floating £127, im ready to drop 10 lots on this trade to the downside.
weekly timeframe - bearish
day timeframe - bearish
4hr - bearish
this alone is 30% probability game, we have 4 added confluences which makes this a 70% trade, more than good enough.
Note
not to mention the imbalance sitting right there
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