GBPUSD Low Risk Buy Idea
I spotted a nice trade according to my usual rules. Here are some confluences that influenced the trade:
1. A recent close of a market maker model may indicate that large players might want to start taking profits from their positions, therefore this is a good confluence for a reversal.
2. There was a stop hunt of the previous day's high/low.
3. I really like the fact that the target liquidity is a good distance away, giving the price a lot of room to fly.
4. A market structure shift may signal the beginning of a trend change.
5. There is a fair value gap that accompanies the market structure shift, which shows just how strongly the price wants to reverse.
1. A recent close of a market maker model may indicate that large players might want to start taking profits from their positions, therefore this is a good confluence for a reversal.
2. There was a stop hunt of the previous day's high/low.
3. I really like the fact that the target liquidity is a good distance away, giving the price a lot of room to fly.
4. A market structure shift may signal the beginning of a trend change.
5. There is a fair value gap that accompanies the market structure shift, which shows just how strongly the price wants to reverse.
Trade fermée manuellement
Closing before market close.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.