GBPUSD 4.85:1 Short
Updated
GBPUSD is in a down trend on 1h.
Price has just created a new LL.
Price made an impulsive move leaving inefficiency starting with our entry candle at 7:40 (10m timeframe entry).
TP is targeting demand zone on the 30m chart. You could target a new BOS for a smaller TP but higher probability trade.
Price has just created a new LL.
Price made an impulsive move leaving inefficiency starting with our entry candle at 7:40 (10m timeframe entry).
TP is targeting demand zone on the 30m chart. You could target a new BOS for a smaller TP but higher probability trade.
Trade active
Price has pulled into the 10m entry zone triggering the trade.Note
Price was in an uptrend on the 1m chart.
Price entered the 10m short zone and has now broken the uptrend structure.
This acts as extra confirmation to the expected short move.
Trade closed: stop reached
Price pushed past SL.
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.