Skip to main content
📈 Trade Idea#scalpers-elite#scalping#gbpusd#trade-idea
T

Trading Wolf

Trader ·

GBP/USD Micro Structure Scalp: NY Morning Range Break Setup

**Pair/Symbol:** GBP/USD (live scalp setup) GBP/USD has been ranging between 1.2655–1.2672 since the London session ended. A tight 17-pip range developing into the NY open — classic pre-break compression. The 5-minute chart shows: - Three equal highs at 1.2672 (retail stop cluster above = buy-side liquidity) - Slightly rising lows (compression pattern) - Volume declining through consolidation **Short scalp setup:** If price sweeps above 1.2672 (grabs the stops) then reverses and closes BELOW 1.2668 on a 1m candle: **Entry:** 1.2665 (on the reversal close below 1.2668) **Stop Loss:** 1.2678 (above the sweep high) **Take Profit 1:** 1.2655 (range bottom, 10 pips) **Take Profit 2:** 1.2645 (previous support, 20 pips) **Risk/Reward:** 1:0.8 to TP1, 1:1.5 to TP2 Note: This is a tight R:R scalp — close TP1 and trail only if momentum is strong. Are you watching this GBP/USD range right now?
Comment
Advertisement

💬 0 Comments

No comments yet

Start the conversation!

💬 Add a Comment

Sign in to comment

Advertisement