SMC PROJECTION OF GBP/CAD

1. Feb. 2023

Price is overall bearish and there is a supply zone that has not yet been mitigated. In the forceful move downwards, alot of FVGs were created and the market must restructure itself to create a balance. Instead of waiting for market to correct itself, I'm counter-trading this bearish market, going bullish and taking TP at the FVGs, after which I'll join the bearish move again when i see a CHoCH to the downside.

What are your views?

2. Feb. 2023

Trade ist aktiv

Price is currently filling up the FVG and would hit TP soon.

2. Feb. 2023

Trade wurde manuell geschlossen

Closed trade because there was a reversal before my TP. Thankful for good risk management, got to walk away with a few hundreds...