Very clean expansion setup today, the market is finally giving us a clean setup with follow through. Flip setup below Pre-Market, targeting Previous weekly lows. Price hit full TP in 15 minutes🔔💻
@Oliver Andersson Definitely an option! I believe I mentioned that in another video, that price often seeks even numbers. So if you have say 2R around 30,900 I would go for that instead of say 3R at 39,950.
@Jonas Persson I see! So could you explain more about why you thought it was not very clear? Because yesterday was a textbook reversal setup. Yes, I use limits often to get a bit better RR on the trades, but even if you used a market order yesterday it would been a 2R win down to the nearest liquidity pool :) If you look at the screenshot below, we broke above the London high, and cleared all the liquidity. Price then broke down again, closing the bullish FVG, creating an iFVG. Which was the first sign of a reversal. Then price came up a bit, but created a bearish FVG as well. Then price traded into both the bearish FVG, and also the iFVG. After this we got a CISD push closing below the retrace structure. Targeted the nearest liq. pool which was the volume below on the 9:30 opening candle. With standard trailing rules and a further away target you would have been trailed out around 2,2R.
@Jonas Persson ok great! Yes I understand. It doesn’t need to be 3 candles of the same type. However when it does form like that, it’s considered the “strongest” FVG pattern.