GBPUSD Sell Setup

17 Ara 2024

- Daily: FVG Identification
- H4: FVG Identification
- H1: Entry Signal

1. Fair Value Gap (FVG):
On the H4 chart noted a Fair Value Gap (FVG) between 1.2700 - 1.2715
On the Daily chart also note FVG between 1.2680- 1.2712

2. Trend Confirmation:
Price has break consolidation support at 1.2715.
Price has rise back to Daily FVG area.
Price has touched H$ FVG area.

3. Position:
Entry: 1.2685
Stop Loss : 1.2725
Take Profit: 1.2500 (fibo 161.8 & previous low)
RRR : 1:4.6

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Disclaimer

The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.

5 Oca

İşlem kapandı: hedefe ulaştı

Trade reached Target Profit

Note: even the price reached the stop loss, but in H4 it did not close above the FVG, hence the trade still in play.