Long

GBPUSD Outlook 5/1

Updated

GU much like EU hit a strong OB and caused supply to fail, this may signify a shift in short term sentiment to bullish. There is a lot of buy side liq to be captured. Open to buys from demand, and sells should price reach supply and CHoCH

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Pre-market snapshot

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Trade and entry protocol.

Trade active

Trade management

Trade active

Trade management

Note

Trade above was second entry for GU today, first entry was SL'd and was based on this idea

It was expected that london's high would be protected as price CHoCH'd during london, however NY chose to take this high, and trade into supply block above before turning around. trade idea was valid, however it is important to note that if we expect the london high to hold, it should be printed at identified supply and not in random space.

Note

End of day trade status. Leaving trade open as I feel price will likely complete to TPs during Asia and or London tomorrow. However 75% of positions have been closed out and the SL has been moved above structure.

Trade closed manually

Trade hit stoploss during london session. Overall happy with the trade, could have either only targeted asia low for final target, or moved SL to new demand level and gotten out with more profits. Good analysis, good execution, good management on this one.

akhena10fx

Let the algo show you its hand.

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