Short

EURGBP: Exploring a Potential Sell Opportunity

Updated

Currently, EURGBP is exhibiting bearish institutional order flow, leading me to anticipate a continuation from the current H1 Bearish Order Block. The objective is for price to reach the Daily Bullish Order Block, our current Draw On Liquidity. This sell opportunity holds a high probability due to the presence of low resistance liquidity towards the downside, facilitating smooth movement through inefficiencies such as Liquidity Voids and Fair Value Gaps towards the Order Block.

I have considered taking a Risk Entry Trade off the H1 Order Block, with the Stop Loss positioned at the high of the Order Block.

Kind Regards,
The_Architect

Trade active

Scale In Opportunity
Confirmation: m5 Bearish Order Block Entry
TP= 4R

Refer:

Kind Regards,
The_Architect

Note

Scale In Opportunity Trade SL Hit
The 1st Order is still running, lets see what happens.

Refer:

Kind Regards,
The_Architect

Trade closed: stop reached

SL Hit

Refer:

Kind Regards,
The_Architect

Trade closed: target reached

TP Hit= 4R Target
Risk Entry: Entry off the H1 Order Block
Comment:
The primary objective remains to address the market inefficiencies, with the aim of price reaching the Daily and H4 Bullish Order Blocks. Once this prerequisite is met, attention can then shift towards potential bullish momentum. Therefore, we might anticipate the market drawing towards the Order Blocks initially before witnessing a shift towards buying activity.

Refer:

Kind Regards,
The_Architect

The_Archi-tect

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