GBPUSD 160+ Pip Short
Updated
GBPUSD is in a down trend on the 4h chart.
Strong equal highs have formed on the 15m chart.
Wait for price to break these highs to unlock the liquidity and then look for short entry opportunities to continue the short trade targeting the 4h LL.
Strong equal highs have formed on the 15m chart.
Wait for price to break these highs to unlock the liquidity and then look for short entry opportunities to continue the short trade targeting the 4h LL.
Note
Price has broken above the highs so now I am looking for a short entry opportunity to continue the bearish trend.Note
The price sweeped the liquidity above the equal highs as expected and I am now starting to see the 1m chart posting LLs and LHs. I want to see the 5m HL broken to give me complete confidence in this short trade and then I will look to short from any pullbacks all of the way down to a new LL on the 4h chart.Trade active
Really strong rejection from the 4h LH. Now I am happy to start looking to enter short trades targeting the 4h LLTrade closed: target reached
Price has moved down a HUGE 200 pips to the target zone so I am now a bit more cautious about opening new short positions and class this trade as finished.
I hope that you managed to make some profit off this move, make sure to follow me to be kept up to date with my new ideas.
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