GBPUSD SHORT: H1 / M15
Updated
This trade happened during the Asian session on the H1.
There was no chance to capitalise on this on the H1 chart.
It would seem we have now turned bearish with H1-OF.
I waited for an M15-CH to put me back in line with the current bearish OF.
1. H1 OF is bearish
2. H1 has moved into fresh supply which led to a H1-BOS
3. We have moved into the premium of the range
What could flip this?
1. The pullback is not finished
2. If a pullback broke the H1 high id have to re-think my bearish stance.
3. We also have some fresh unmitigated demand zones on the M15
There was no chance to capitalise on this on the H1 chart.
It would seem we have now turned bearish with H1-OF.
I waited for an M15-CH to put me back in line with the current bearish OF.
1. H1 OF is bearish
2. H1 has moved into fresh supply which led to a H1-BOS
3. We have moved into the premium of the range
What could flip this?
1. The pullback is not finished
2. If a pullback broke the H1 high id have to re-think my bearish stance.
3. We also have some fresh unmitigated demand zones on the M15
Note
I have now moved stops to break even.Trade closed: target reached
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