Potential 20 R:R long setup on GU
This setup is based on stop runs and breakers.
The green support lines are the top and open price of the DAILY breaker block.
We bounced off of the support line with another stop run on the 1H, with SMT divergence between GU and EU.
Price retraced, broke market structure and went straight into the 70.5 sweet spot.
This was also a reflection pattern out of the asian session, with the move down we want to see for up days (power of 3 concept)
I try to fill the liquidity void all the way up to the daily bearish order block
The green support lines are the top and open price of the DAILY breaker block.
We bounced off of the support line with another stop run on the 1H, with SMT divergence between GU and EU.
Price retraced, broke market structure and went straight into the 70.5 sweet spot.
This was also a reflection pattern out of the asian session, with the move down we want to see for up days (power of 3 concept)
I try to fill the liquidity void all the way up to the daily bearish order block