GBPUSD Order Block analysis
Updated
1 HR order block.
I went down to the 15 MIN chart to find a more cleaner OB. This was ironically 50% mid point of the 1 HR OB candle.
We are looking for a buy position and our targets is on the next quarter point.
There is a good amount of imbalance and buy orders and sell orders stuck at the top of the down move.
I believe market will push back up to take out those highs or comeback to the top then head back down.
My stop loss is below the 15 OB candle.
Risk management.
I went down to the 15 MIN chart to find a more cleaner OB. This was ironically 50% mid point of the 1 HR OB candle.
We are looking for a buy position and our targets is on the next quarter point.
There is a good amount of imbalance and buy orders and sell orders stuck at the top of the down move.
I believe market will push back up to take out those highs or comeback to the top then head back down.
My stop loss is below the 15 OB candle.
Risk management.
Trade closed: stop reached
Its okay you cant win them all, but this was a good potential setup.
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