GBPCAD High-Probability Trade: SHORT SETUP (Trend Continuation)
🔹 Trade Type: Swing Trade / Trend Continuation
🔹 Entry Type: Limit Order (Pending Short Entry)
🔹 Confidence Level: High (80%+)
📉 SHORT ENTRY (SELL)
Sell Entry: 1.78450 – 1.78550 (Unmitigated Order Block)
Stop Loss: 1.79400 (Above Previous High & Unmitigated OB)
Take Profit Targets:
TP1: 1.77500 (First Major Liquidity Level)
TP2: 1.77000 (Key Structural Target & Liquidity Pool)
TP3: 1.76500 (Final Bearish Target)
Risk: Reward Ratio: 5R+ (High-Probability Trade)
Reasoning for Short Setup:
✅ HTF Bearish Confirmation (Daily BOS)
✅ 4H Order Block & FVG Resistance (1.78500 – 1.79000)
✅ Liquidity Grab at 1.81000 Before Drop (Smart Money Manipulation)
✅ Bearish Momentum & Trend Confirmation on All Timeframes
✅ Wyckoff Distribution in Play → Downtrend Continuation
✅ Strong Confluence Between Order Flow, Liquidity, and Market Structure
🔹 Entry Type: Limit Order (Pending Short Entry)
🔹 Confidence Level: High (80%+)
📉 SHORT ENTRY (SELL)
Sell Entry: 1.78450 – 1.78550 (Unmitigated Order Block)
Stop Loss: 1.79400 (Above Previous High & Unmitigated OB)
Take Profit Targets:
TP1: 1.77500 (First Major Liquidity Level)
TP2: 1.77000 (Key Structural Target & Liquidity Pool)
TP3: 1.76500 (Final Bearish Target)
Risk: Reward Ratio: 5R+ (High-Probability Trade)
Reasoning for Short Setup:
✅ HTF Bearish Confirmation (Daily BOS)
✅ 4H Order Block & FVG Resistance (1.78500 – 1.79000)
✅ Liquidity Grab at 1.81000 Before Drop (Smart Money Manipulation)
✅ Bearish Momentum & Trend Confirmation on All Timeframes
✅ Wyckoff Distribution in Play → Downtrend Continuation
✅ Strong Confluence Between Order Flow, Liquidity, and Market Structure
Trade active
TP1 HIT! If still not in the trade wait for price to come back again to 1.7835 min to re-enter. If price reaches 1.7700 then don't consider as it will be its tp2.
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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.