GBPUSD Order Block analysis
1HR OB. (1st entry)
Looks like market is pushing up to take out even highs.
There is built up liquidity.
Most OB traders are in this trade but I do think it might come up and take all of them out. (So be careful with this trade)
Market is also struggling around previous support, now resistance. That is another confirmation that market will most likely head down.
DOLLAR is shooting down so most likely GBPUSD will make its final push to the upside to swipe those even highs.
DOLLAR will most likely head back up after retesting a untested resistance.
Rectangle (number 2) (color: red) is the second entry or late entry if you miss the first one. It is just break of structure. You would wait for a candle body to close below the rectangle and enter on the next candle. (RISK MANAGEMENT)
Looks like market is pushing up to take out even highs.
There is built up liquidity.
Most OB traders are in this trade but I do think it might come up and take all of them out. (So be careful with this trade)
Market is also struggling around previous support, now resistance. That is another confirmation that market will most likely head down.
DOLLAR is shooting down so most likely GBPUSD will make its final push to the upside to swipe those even highs.
DOLLAR will most likely head back up after retesting a untested resistance.
Rectangle (number 2) (color: red) is the second entry or late entry if you miss the first one. It is just break of structure. You would wait for a candle body to close below the rectangle and enter on the next candle. (RISK MANAGEMENT)
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.