Entry at the start of OB, which is almost the same as 0.705 level of swing high and swing low. SL set at 0.5% lower of the OB. TP is yet to be set.
Trade active
Now we have a local high as a potential TP.
As the major trend is downtrend, the local high is an acceptable TP level. Now set.
Trade closed: target reached
TP & exit.
Thread closed. //
Note
Note:
It's obvious that the liquidity was grabbed on the equal highs. Now expecting the opposing trend.
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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.