Under 1hour time frame we see a double top forming creating liquidity above.
Price will stop out retail traders who got into a sell position and test a previous order block.
Got in the 15minute time frame to get my entry. Applying smart money concepts my risk is 4 pips and reward about 110 pips.
Point of entry 1.16849
Stop loss 1.16885
Take profit 1.15818
Price will stop out retail traders who got into a sell position and test a previous order block.
Got in the 15minute time frame to get my entry. Applying smart money concepts my risk is 4 pips and reward about 110 pips.
Point of entry 1.16849
Stop loss 1.16885
Take profit 1.15818
