GBPUSD COUNTER TREND TRADE - BUY 16TH FEB 2023
This is what I am looking at in the short-term.
1. There was a grab of liquidity and market broke to the downside
2. Market has reacted at a main institutional level of 1.2000
3. We have a market shift to the upwards. we expect to be out at the touch of the breaker.
4. We shall wait to see if the market wants to proceed further upward or reverse. This could not finish this week as today being Thursday
5. In case our idea is invalid, we wait for another trade setup.
Cheers
1. There was a grab of liquidity and market broke to the downside
2. Market has reacted at a main institutional level of 1.2000
3. We have a market shift to the upwards. we expect to be out at the touch of the breaker.
4. We shall wait to see if the market wants to proceed further upward or reverse. This could not finish this week as today being Thursday
5. In case our idea is invalid, we wait for another trade setup.
Cheers
Trade closed: stop reached:
Stopped Out if you had a limit order. If you were waiting for confirmation like myself, you would not be in the trade.
Bias is still bullish for me. we wait for the day to close. and buy to the FVG formed at the top between Tuesdays low and Thursday's high.
But our long term bias remains bullish. at least until we take out a weekly high.
Bias is still bullish for me. we wait for the day to close. and buy to the FVG formed at the top between Tuesdays low and Thursday's high.
But our long term bias remains bullish. at least until we take out a weekly high.