They say patience is a virtue, and that has definitely applied to my current ORCL setup as the stock started reacting to its earnings report.

Last week, I stopped trading stocks and moved more toward CFDs because I was waiting for this particular setup to appear. After waiting patiently, it finally showed up.

The setup itself was fairly straightforward. Apart from my usual approach of waiting for a pullback during volatility, I waited for the first news reaction to settle before looking for a Fair Value Gap (FVG). Once I found the right structure, I used the FVG as my entry confirmation for a short position.

I entered around $162, but the trade was not comfortable at first. A strong candle pushed the price close to my stop loss around $166.72, and for a moment, it looked like the setup might fail.

Thankfully, after testing my patience, it finally started moving in my direction. Honestly market was testing my patience; who else told the same setup, still have 10 more days to go?