After my trade analysis regarding GBP/USD potentially breaking out of the 4H FVG for a long entry, it played out nicely.
After price broke through and invalidated the bearish 4H FVG, this can now be used as an area for price to return too and continue in the opposite direction, but we needed a more accurate entry model, this was used by a 1/5m Order Block, once price came into this Order block, an entry was taken with stop loss under the last low.
Take profit set at higher areas of resistance and liquidity.
This resulted in a +6.4R trade.
After price broke through and invalidated the bearish 4H FVG, this can now be used as an area for price to return too and continue in the opposite direction, but we needed a more accurate entry model, this was used by a 1/5m Order Block, once price came into this Order block, an entry was taken with stop loss under the last low.
Take profit set at higher areas of resistance and liquidity.
This resulted in a +6.4R trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.