SmartMoneyConceptsOnYouTube

11R long swing trade on GBPUSD from macro OB/Demand Zone (SMC)

Long
FX:GBPUSD   Livre sterling / Dollar américain
Testing my Smart Money Concepts Swing Trading Strategy 1 of 4.
using New York Killzone reversal as entry from 4h order block/demand zone.
Commentaire:
Update: Friday evening, price action stagnant.
increasing stop to 41 pips to avoid New Week Opening Gap.
Closing 31% of position.
Commentaire:
Moved stop down slightly further to accommodate potential Monday sweep of high volume node and daily level, deeper into the 4h demand zone.
Weekly candle close not ideal but setup is still met. Will tweak strategy depending on whether lackluster weekly close influences success of strategy 1 of 4 or not.
As it stands, trade is ~6R but more size can be added and stop tightened after a bullish Monday.
Commentaire:
Update: went more than 50% to target (206 pips!) but did not break previous 4H high forming a swing failure pattern and weak low. This is why you always take partials.
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.