Another week has come to journal of trades!
Hey traders, how have you been and I hope you are improving on daily basis?
We have been working on other stuffs a while which made us not to be able to drop some tutorials as usual, but during the weekend we decided to check on the GBP-USD chart and upon our analysis, we where able to identify some zones that may push price bullish when ever price gets to that area.
On this screenshot above, you will see two areas that we highlighted with a tag each, "fvg & D zone" but now we must have known the full meaning of FVG (Fair-Value-Gap) and D-zone (Demand-Zone).
Upon this, we decided to place a pending order almost at the middle of the fvg and our stop loss (sl) a few pips below our demand zone with a 1:3 RR.
It was Monday and around 10:15 UTC+0, our order got triggered and we watched the market do its thing.
The trade stayed for almost two days before it got to of tp š¤£ lol... It wasn't funny at all, throughout Tuesday, the market was just busy playing up and down and finally at 08:30 UTC+0 price hit our tp and you can see from the chart the it went a bit higher...
We have never held trade such as this because for now we are just day trading but this one made us swing swing .. lol š
- All screenshots are from our trading view PC.
- The thumbnail was auto generated using the 3speak.tv web
- You can click on our live trading view chart
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