Analysis On Point !
May 31, 2023 3:53 pm
Hello ,
Hope you followed our analysis for this week?
Here at Value Flow Trading, it's been a profitable week in line with our analysis on Monday.
This is the trade we took today on the GBP following our analysis from Monday market color at the Value Flow Trading Floor.
Listed below is our trading checklist for the trade.
a. All our value flow model for GBP aligned and gave us a clear signal.
b. We saw a clear break of market structure at 1.23640 and a retest at 1.23540.
c. We saw price entered into an FVG around 1.23560 to 1.23575.
d. Also in line with our dollar analysis we saw weak dollar for the LONG
All these gave us a clear execution with:
Entry at 1.23539
Stop loss at 1.23439 (10 pips.)
TP at 1.24025 ( 48 pips)
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Cheers !
VFT Team
