PROJECTD15

22 Mar 2021

Looking to go long on GJ based off wykoff accumulation. Targeting the liquidity on top of the double tops created. Do not believe that price will go below the price indicated with the arrow but made our SL a bit bigger to give it room to breathe. Looking to acquire 135 pips while risking 20. We believe that price came to our area of interest on the 4H and collected liquidity and believe that GJ will have a bullish run come London markets.

23 Mar 2021

Not

Price retraced at the 618 but we saw that double bottoms were created and did not enter because we anticipated that price would move down to collect all that liquidity. Missed out on 40 pips. PROJECTD is all about making these sorts of mistakes and learning fro them but in this case we are satisfied with not having entered because what we thought would happen essentially did (price went for a liquidity grab).