Short

GBPUSD Outlook 9/18

Updated

Bearish on GBPUSD expecting it to chase buyside first. Annotation on chart, no live trades on market, PNL just to show where I think the probabilities lie at the moment.

Note

Short on GU

Trade active

Initial reaction favorable. my expectation is that price will seek to close the range between 12AM and 8AM opens to fill the sellside inefficiency. SL is at BE.

Trade active

Trade continues to develop favorably, TP2 has been moved to a more conservative .05 bearish extension of the open range.

Note

Closed TP1 at bottom of hourly FVG as I did not want to give anything back to the market. 20% of initial volume left till lower target. Really loved the delivery on this one.

Note

TP1 selection level was ideal as the reaction was a significant retracement tradingview.com/x/VTk5tOl3/. outlook for the day remains bearish.

Trade closed: target reached

Had to hold this for a while but final TP hit, price kept falling. Happy with my piece of the pie.

akhena10fx

Let the algo show you its hand.

Also on:

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.