GBPUSD
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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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.