GBPUSD potential Sell On Liquidity Grab

By ExtraOrdy
Updated
GBPUSD is on bearish sentiment expecting more sell off after taking liquidity at 1.27147 or 1.27410 in to the supply zone expecting GU to reach a target 1.26243 demand zone
Trade active
snapshot

as expected GBPUSD sell off after taking the upper liquidity at 1.27410
Trade active
snapshot

Sell on liquidity grab, every recent high in to the supply zone is a potential buy side liquidity, considering this two scenarios, the daily TF is down while 4H TF is up, going along with the daily sentiment every recent high is a potential liquidity until 4H TF shift to the down side or knock out the daily.
Trade active
snapshot

GBPUSD Took off to the down side after taking the fourth buy side liquidity
Trade closed: target reached
snapshot

Demand zone target hit at 1.26243
Chart PatternsCurrenciesdollarDXYGBPUSDTechnical IndicatorsinstitutionalmoneyprofitabletradingsmcconceptssupplyandemandzonesTrend Analysis
ExtraOrdy

Related publications

Disclaimer