Hello guys and Girls,
here is my forecast for GBPUSD I have sold it 2 or 3 days ago at the top of the structure, and I have got stopped out at 1:2 Risk Reward. Since I am expecting an Impulsive Market Phase I think it will push one more time higher above previous high, which rejected below an outer structure high to trap retail traders and gain the final liquidity to sell it impulsively at the beginning of the corrective market phase which I have labeled.
In case it does not go to the Mass Psychological Trap zone and starts dropping before, I will most likely enter after a nice 5-8 hour consolidate 1h flag.
here is my forecast for GBPUSD I have sold it 2 or 3 days ago at the top of the structure, and I have got stopped out at 1:2 Risk Reward. Since I am expecting an Impulsive Market Phase I think it will push one more time higher above previous high, which rejected below an outer structure high to trap retail traders and gain the final liquidity to sell it impulsively at the beginning of the corrective market phase which I have labeled.
In case it does not go to the Mass Psychological Trap zone and starts dropping before, I will most likely enter after a nice 5-8 hour consolidate 1h flag.