GBPUSD
Updated
Today, I am considering a short-term trade on GBPUSD. After liquidity was absorbed, an order block and a CHoCH (Change of Character) formed. My target is the sell-side liquidity and the fair value gap that I have marked on the chart. It's important to note that this has happened before on July 15, when, after absorbing buy-side liquidity, a bearish order block was formed with a target of sell-side liquidity.
This trade is quite risky, so I will only use 3% of my deposit and set a small stop loss since the MACD is not significantly overheated, although this does not play a major role overall.
It's important to note that this trade is quite risky, so I will only use 3% of my deposit and set a small stop loss since the MACD is not significantly overheated, although this does not play a major role overall.
This trade is quite risky, so I will only use 3% of my deposit and set a small stop loss since the MACD is not significantly overheated, although this does not play a major role overall.
It's important to note that this trade is quite risky, so I will only use 3% of my deposit and set a small stop loss since the MACD is not significantly overheated, although this does not play a major role overall.
Trade closed: stop reached
Unfortunately, the stop order was triggered, which was quite expected since there was an uncovered London high on the 4-hour chart. Therefore, I only used 3% of my deposit for this trade. I will continue to monitor the price behavior and try to conduct an analysis on higher timeframes. The targets remain the same. I will keep you updated.
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