GBPCAD 15m Time Frame Short Execution.
Overall the short position was choppy, almost reaching stop levels, but then began to move downside to previous lows within the Asian session. I entered at 1.86226 and took profits at 1.85740.
Overall Analysis Of The Trade...
Liquidity Grab (Stop Hunt)
> The price aggressively spiked above recent highs, possibly triggering buy stops or luring in breakout traders.
>Immediately after the spike, it reversed sharply, suggesting it was a liquidity grab before the real move down.
> This is typical “smart money” behaviour.
Supply Zone Respect
>The spike tapped into a supply zone (seen at the top of the chart where previous bearish pressure started).
> Once the supply was hit, strong selling pressure resumed.
Break of Market Structure (BoS)
> After the reversal from the top, price broke below previous higher lows, confirming a bearish market structure shift.
Time of Day / Session Alignment
> The move happened near or during London–New York overlap, a period known for high volatility and institutional activity.
Consolidation Before the Drop. There was a sideways range/consolidation just before the large drop—typical of “accumulation of orders” before a breakout.
Overall the short position was choppy, almost reaching stop levels, but then began to move downside to previous lows within the Asian session. I entered at 1.86226 and took profits at 1.85740.
Overall Analysis Of The Trade...
Liquidity Grab (Stop Hunt)
> The price aggressively spiked above recent highs, possibly triggering buy stops or luring in breakout traders.
>Immediately after the spike, it reversed sharply, suggesting it was a liquidity grab before the real move down.
> This is typical “smart money” behaviour.
Supply Zone Respect
>The spike tapped into a supply zone (seen at the top of the chart where previous bearish pressure started).
> Once the supply was hit, strong selling pressure resumed.
Break of Market Structure (BoS)
> After the reversal from the top, price broke below previous higher lows, confirming a bearish market structure shift.
Time of Day / Session Alignment
> The move happened near or during London–New York overlap, a period known for high volatility and institutional activity.
Consolidation Before the Drop. There was a sideways range/consolidation just before the large drop—typical of “accumulation of orders” before a breakout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.