GBPUSD 11/23/2022
Still bullish on GU. There is a bearish OB @ 1.19760 above most recent buyside liquidity. Willingness to move away from that OB will flip my bias. If price trades to, through and holds above that level I expect price to continue to chase buyside liquidity. I'm not comfortable with buying from here since we are above EQL of the range.
Trade active
Short on GU. Stops already in profit
Trade closed: stop reached
Stops hit in profit. was trying to catch a quick scalp ride down to AR low. Was not willing to risk going into draw down.Note
Entries are becoming more consistent. Still not comfortable buying this high in the range.Note
Being that it is mid week we could see price begin to trade back towards the weekly open
Trade active
Last trade for the week. If its going to go back to weekly open I think could be from here. Risking 20 pips.Low lot. Happy Thanksgiving!
Note
Collapsing stops to 10 pips.
Note
Moving stops in profit. dont like the pullback before a BOS.
Trade closed: stop reached
Stops hit in profit. Trade could still playout without hitting original SL of 20 pips ,but I wasn't willing to risk the small profits we were able to secure this week. around 30/50 pips i wanted secured this week. I'm calling it a week there. Happy Thanksgiving!!
Note
If I'm not mistaken the 4th candle not closing down here invalidates the swing also. now I can leave the trade without feeling as if I missed out or I moved my stops too soon. Validating my losses is a technique I'm using to help mentally secure my profits that way I don't back into the market seeking revenge.
Note
Buyside taken. Should see price start to seek sellside liquidity.
Note
Check out @akhena10 on tradingview!! Sleeper outlook on the market.
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