GBPUSD BUY MON 16 OF MAR 2022

Updated

London Session: accumulation
LONDON - NY PASS OVER: Expecting manipulation to the upside
NY: distribution to the downside
NY AFTER MATH: Rally to the upside

Trade active

Expecting Accumulation due to:
1. Fed Williams Speech (USD)
2. BoE Monetary Policy Report Hearings

(For Shorts)Bias is still active, the target stays the same and the overall trade setup is valid.

(For Buys) As the valume expected on the NY session is not enough to drag GBPUSD down i expect the move to the upside to develop tomorrow Tuesday 17 of may of 2022. (Taking into account the Unemployment news (GBP) if the news are as i expect we can expect the pair to reach ≈ 1.23263)

Trade active

Reference to ^

The repricing level would be a ob in the 15m tf showed in the link above
Price decides to stay on a premium for NY trading i believe is highly possible for GBPUSD to bleed down at this moment in time, If we create a higher high i will have to collapse the trade as it would not match the structure i have on mind for todays trading.
Otherwise if we liquidate the lower lows (SELL STOPS) we would be entering the liquidity pool hence letting us to buy our sells back with a higher profit

Trade active

Trade Reaching Stop Loss

Trade closed: stop reached

Stop reached lost around 1.5% in total in this specific trade
Due to current market conditions and news outputs what i had on mind didnt happen
Another model to avoid this is hard to find as it is my fault in the first place to be trading right now.
What i could had used as a buy model in here would had lost any ways (realisticly)

davidabickford

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.