– Daily range external liquidity swept
– Oversold on the <H4 with a bear div
– Oversold on the <H1 with multiple bear div
– M30 breaker block displaced through
Entry was retest of breaker block which showed a strong reaction to the downside.
Normally after external range is swept i aim for internal liquidity but as internal liquidity was a longer exit than i would of liked,
i aimed for the H4 FVG fill which lined up closed with the 0.5 fib of the range.
You can see price came much lower in the discount to the 78.6 fibs and nearly to internal range lows,
but as this trade was a 2.48r trade i was more than happy to be out quick and secure my profit.
GBPUSD – Short Setup
– Daily range external liquidity swept
– Oversold on the <H4 with a bear div
– Oversold on the <H1 with multiple bear div
– M30 breaker block displaced through
Entry was retest of breaker block which showed a strong reaction to the downside.
Normally after external range is swept i aim for internal liquidity but as internal liquidity was a longer exit than i would of liked,
i aimed for the H4 FVG fill which lined up closed with the 0.5 fib of the range.
You can see price came much lower in the discount to the 78.6 fibs and nearly to internal range lows,
but as this trade was a 2.48r trade i was more than happy to be out quick and secure my profit.