GBPUSD ____ TRADE IDEA FOR DAY TRADERS
Hello Day Traders,
What you can see is a sell setup on GBPUSD... Looking at the daily timeframe, you would notice that this pair is bearish in structure... Although the bullish rally is drawing closer, it is always advised you trade what you see not what you want the market to do.
The daily chart shows that there is likely to be another daily bearish candle and looking at the 1-hour timeframe, it is clear that we have sell-side liquidity to sweep. It would be nice to see if price will trade into the order block before going to sweep the sell-side liquidity.
Once price trades into the order block and there is confirmation in market structure shift from bullish to bearish, the target would be to hunt the sell-side liquidity as marked on my chart.
Follow for more updates like this.
Cheers,
Jabari
What you can see is a sell setup on GBPUSD... Looking at the daily timeframe, you would notice that this pair is bearish in structure... Although the bullish rally is drawing closer, it is always advised you trade what you see not what you want the market to do.
The daily chart shows that there is likely to be another daily bearish candle and looking at the 1-hour timeframe, it is clear that we have sell-side liquidity to sweep. It would be nice to see if price will trade into the order block before going to sweep the sell-side liquidity.
Once price trades into the order block and there is confirmation in market structure shift from bullish to bearish, the target would be to hunt the sell-side liquidity as marked on my chart.
Follow for more updates like this.
Cheers,
Jabari
Trade active
Trade closed: target reached