Buying GBPUSD ~150pips
My general outlook since last week as been a sell. However, we have areas of liquidity to take out before the sell for the week commences. I would be looking to buy GBPUSD for about 150pips before selling. As always, trade cautiously.
Note
I will close my buy trades and sell if we have one more 5min BOS towards the downside.Note
This pullback is looking complex. A proper 15min BOS is what is needed for buy.Note
Good. Another high has been made. It's possible price might make another deep pull back to take out sellside liquidityNote
If Price makes a pullback, my initial trade would close at BE, and I would look for buy entry at 1.21160Note
This shape, this price action...this is not good. not good at all. This is price building into supply. My SL is at BE. I would sell if setup presents itself.Trade active
Price activated at 1.21160Trade active
loving GU!Trade active
looking at another pullback on GU before buying to TP.Trade closed: target reached
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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.