Break out of 3 consecutive inside candles on Daily
GBPUSD broke today out of 3 consecutive inside candles as documented by the chart below.
This means that downside liquidity is now cleared and I think the topside is about to be seized now. I entered on LTF on FVG and identified a first target where I plan to close 25% before and let the rest run until the whole series of inside candles is broken to the upwards at minimum.
Having 3 candles inside of each other is a rare occurence and should theoretically signify great indecisiveness but if it is over now and it looks like breakdown was false, my bet is on the price breaking up!
This means that downside liquidity is now cleared and I think the topside is about to be seized now. I entered on LTF on FVG and identified a first target where I plan to close 25% before and let the rest run until the whole series of inside candles is broken to the upwards at minimum.
Having 3 candles inside of each other is a rare occurence and should theoretically signify great indecisiveness but if it is over now and it looks like breakdown was false, my bet is on the price breaking up!
Order cancelled
Breakeven reached, waiting for 14-30 news. May reenterTrade active
Reenter on newsTrade closed manually
I was no longer in on, but the level is reached.
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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.