On the 3rd of October, price formed a daily low and a 1h OB, leaving behind a 1h fvg and inducements right above the OB. Price rallies and broke market structure with a rally, reversed, then went into a consolidation on the 10th of October. Fomc news created spikes that took out buystops/liquidity resting above the consolidation range then also the sell stop liquidity of the consolidation range and headed straight for the OB of 3rd Oct. Price drove 50% into the ob and formed a QM on the 5m tf which gave room for reversal and printed over 1700 pips.
Entry reason: 1h ob+1h fvg+inducement.
Entry pattern: QM on 5m tf
Sl: few pips below OB
Tp: BSL.
Entry reason: 1h ob+1h fvg+inducement.
Entry pattern: QM on 5m tf
Sl: few pips below OB
Tp: BSL.