My general outlook since last week as been a sell. However, we have areas of liquidity to take out before the sell for the week commences. I would be looking to buy GBPUSD for about 150pips before selling. As always, trade cautiously.
Comment:
I will close my buy trades and sell if we have one more 5min BOS towards the downside.
Comment:
This pullback is looking complex. A proper 15min BOS is what is needed for buy.
Comment:
Good. Another high has been made. It's possible price might make another deep pull back to take out sellside liquidity
Comment:
If Price makes a pullback, my initial trade would close at BE, and I would look for buy entry at 1.21160
Comment:
This shape, this price action...this is not good. not good at all. This is price building into supply. My SL is at BE. I would sell if setup presents itself.
Trade active:
Price activated at 1.21160
Trade active:
loving GU!
Trade active:
looking at another pullback on GU before buying to TP.
Trade closed: target reached