3.17:1 GBPUSD Long
Updated
1h chart has broken down trend structure signalling potential reversal to the upside.
I am waiting for price to move higher to enter short positions.
Price has left area of inefficiency on the 15 and 10m charts.
I will look to take a long trade to the BOS on the 1h chart from the inefficiency.
I am waiting for price to move higher to enter short positions.
Price has left area of inefficiency on the 15 and 10m charts.
I will look to take a long trade to the BOS on the 1h chart from the inefficiency.
Trade active
Price has moved back down into the 10m entry zone and triggered the long order.
Target is a BOS on the 1h chart for a 4.42:1 risk to reward.
Trade closed: stop reached
Price carried on pushing down past the 10m entry closing this trade for a 1% loss.
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