Looking for a GBP sell off this week. Targeting the OB and POC for the overall volume control. The extension on the TP is targeting a large area of un-mitigated price from the previous bullish push to the new highs. This area has to be mitigated by the institutions at some point so they can close out of their sell orders at BE.
Trade closed: stop reached:
Shame we got stopped out on this was a lovely setup. My SL was to refined and I didn't take the 3 pips of spread into account either but the target OB was perfectly met and rejected. overall great analysis and just to refined and a bit of Monday manipulation caught me out with that tight 8 pip SL.