GBPAUD BUY Trade Plan with alternative (High Probability Setup)
Trade Plan (High Probability Setup)
🟢 BUY SCENARIO (Breakout Above 1.9725 - Trend Continuation)
✔ Entry: Above 1.9725 after a retest
✔ Stop Loss: Below 1.9680 (Safe zone under previous structure)
✔ Take Profit Targets:
TP1: 1.9750 (First resistance)
TP2: 1.9800 (Round number & liquidity zone)
TP3: 1.9850 (Higher timeframe resistance)
🎯 Risk-Reward Ratio (R:R): 1:3 to 1:5 (High probability setup)
🎯 Confidence Level: ⭐⭐⭐⭐ (4/5) – Strong confluences but requires breakout confirmation.
📌 Execution Strategy:
Wait for an H1 close above 1.9725, then enter on the retest.
Avoid entering if price wicks above but fails to hold structure.
ALTERNATIVE:
🔴 SELL SCENARIO (Rejection from 1.9720 - Range Reversal)
✔ Entry: Below 1.9700 after a strong bearish rejection candle
✔ Stop Loss: Above 1.9740 (Above liquidity grab)
✔ Take Profit Targets:
TP1: 1.9650 (Mid-range support)
TP2: 1.9600 (Key demand zone)
TP3: 1.9550 (Major swing low)
🎯 Risk-Reward Ratio (R:R): 1:3 to 1:5 (Strong reversal trade)
🎯 Confidence Level: ⭐⭐⭐⭐ (4/5) – Requires strong rejection at resistance.
📌 Execution Strategy:
Look for bearish engulfing or strong wick rejection on H1/H4.
Sell only if price struggles to break 1.9720 multiple times.
Final Thoughts (Institutional Approach)
📌 What I would do as an Institutional Trader:
✔ Priority: Buy above 1.9725 if it confirms a breakout.
✔ Alternative: Sell below 1.9700 if rejection is strong.
✔ NO TRADES if price remains choppy between 1.9700 - 1.9720.
🎯 HFT Trading System Integration:
🚀 This setup aligns with SMC, ICT, and Liquidity Engineering principles.
🚀 Our system will filter out low-quality setups and only trigger when all confluences align.
🔥 Conclusion:
➡ Primary bias: Bullish breakout above 1.9725 (Continuation play).
➡ Secondary bias: Bearish rejection below 1.9700 (Reversal trade).
➡ Waiting for confirmation – NO premature entries.
🚀 Trade smart & execute with precision! 🎯🔥
🟢 BUY SCENARIO (Breakout Above 1.9725 - Trend Continuation)
✔ Entry: Above 1.9725 after a retest
✔ Stop Loss: Below 1.9680 (Safe zone under previous structure)
✔ Take Profit Targets:
TP1: 1.9750 (First resistance)
TP2: 1.9800 (Round number & liquidity zone)
TP3: 1.9850 (Higher timeframe resistance)
🎯 Risk-Reward Ratio (R:R): 1:3 to 1:5 (High probability setup)
🎯 Confidence Level: ⭐⭐⭐⭐ (4/5) – Strong confluences but requires breakout confirmation.
📌 Execution Strategy:
Wait for an H1 close above 1.9725, then enter on the retest.
Avoid entering if price wicks above but fails to hold structure.
ALTERNATIVE:
🔴 SELL SCENARIO (Rejection from 1.9720 - Range Reversal)
✔ Entry: Below 1.9700 after a strong bearish rejection candle
✔ Stop Loss: Above 1.9740 (Above liquidity grab)
✔ Take Profit Targets:
TP1: 1.9650 (Mid-range support)
TP2: 1.9600 (Key demand zone)
TP3: 1.9550 (Major swing low)
🎯 Risk-Reward Ratio (R:R): 1:3 to 1:5 (Strong reversal trade)
🎯 Confidence Level: ⭐⭐⭐⭐ (4/5) – Requires strong rejection at resistance.
📌 Execution Strategy:
Look for bearish engulfing or strong wick rejection on H1/H4.
Sell only if price struggles to break 1.9720 multiple times.
Final Thoughts (Institutional Approach)
📌 What I would do as an Institutional Trader:
✔ Priority: Buy above 1.9725 if it confirms a breakout.
✔ Alternative: Sell below 1.9700 if rejection is strong.
✔ NO TRADES if price remains choppy between 1.9700 - 1.9720.
🎯 HFT Trading System Integration:
🚀 This setup aligns with SMC, ICT, and Liquidity Engineering principles.
🚀 Our system will filter out low-quality setups and only trigger when all confluences align.
🔥 Conclusion:
➡ Primary bias: Bullish breakout above 1.9725 (Continuation play).
➡ Secondary bias: Bearish rejection below 1.9700 (Reversal trade).
➡ Waiting for confirmation – NO premature entries.
🚀 Trade smart & execute with precision! 🎯🔥
Trade closed: target reached
TP 1 REACHED!
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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.
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.