SMC PROJECTION OF GBP/CAD

1 Şub 2023

Price is overall bearish and there is a supply zone that has not yet been mitigated. In the forceful move downwards, alot of FVGs were created and the market must restructure itself to create a balance. Instead of waiting for market to correct itself, I'm counter-trading this bearish market, going bullish and taking TP at the FVGs, after which I'll join the bearish move again when i see a CHoCH to the downside.

What are your views?

2 Şub 2023

İşlem aktif

Price is currently filling up the FVG and would hit TP soon.

2 Şub 2023

İşlem elle kapatılmış

Closed trade because there was a reversal before my TP. Thankful for good risk management, got to walk away with a few hundreds...