Incoming Long GBP/USD (From Blue Box area)
Anticipating a reveral of short-term trend.
I would like to see price manipulate the equal lows and asian Low (bottom white line) to tap into my Demand zone. Another confluence, is we have a point of control for volume profile at demand zone.
As you can see from a structrue standpoint, we've created some bullish pressure previously, although the HTF are still bearish, we have room for a retracement even if the market wants to continue lower.
Therefore I am anticipating a reveral of short-term trend to go bullish from the blue area if confirmation has been met.
Targetting imbalance towards previous HH.
I would like to see price manipulate the equal lows and asian Low (bottom white line) to tap into my Demand zone. Another confluence, is we have a point of control for volume profile at demand zone.
As you can see from a structrue standpoint, we've created some bullish pressure previously, although the HTF are still bearish, we have room for a retracement even if the market wants to continue lower.
Therefore I am anticipating a reveral of short-term trend to go bullish from the blue area if confirmation has been met.
Targetting imbalance towards previous HH.
Trade active:
Entered in SL: 10 Pips, will be setting stop loss to break even shortly. Targeting risk and reward ratio being 1:5.
Comment:
Moved stop loss to break even and took a partial. Nearly 1:5 in 28 minutes!