GBPUSD Hourly Continuous Chart

63
Trading Journal

GBPUSD Hourly Continuous Chart

Price opens drawls to the previous equal lows. Taking out the sell side liquidity to start the London 2 am kill zone. Small scalp trade idea presented.

prior to the 10 am new driver and very choppy see saw action.

10 am market news driver influence taking out the previous days buy side liquidity and coming up to equilibrium range before dropping down to the noted hourly BISI

1 pm creates a new weekly low

It's likely to see price move from the discount range and head back to equilibrium tomorrow at range 1.26142. It could reach 1.26560 as an aggressive target.

that said my idea may be useless even trying to estimate anything with the news driver at 8:15 looming. Tape read.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.