miguelanorena

GBP/USD long (4pm-3am)

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
Price was bearish the last few days, till it reached a significant swing low.

5/15 min, we would been in a "bearish" bias, but based on daily, we are reach a signicant lows, and we should treat price accordingly. since price game a signifciant move near this low, and has a over extended leg/order block on m15 chart, i decided to buy, which the knowlegde, it MIGHT pull back down.
but with price repsecting the structure, i had faith to take profits expecting banks to search for liquidity higher near the extended leg, before possibly continuing higher, or maybe pushing even farther to the downside.
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.