Unlocking Opportunity: GBPUSD London Session Buy Setup Unveiled!
Hello Traders,
We're currently eyeing a Power of 3 setup on GBPUSD. After manipulating the Asian session low, we anticipate a rise during the London session following the clearance of sell stops. The current draw on liquidity manifests as the relative equal highs, indicating the H4 Buy Stops.
I'm considering a confirmation entry with the stop-loss set at the low. If the stop-loss is triggered, it would signify further sell stops being taken, prompting another confirmation entry for buys.
Stay tuned for updates.
Best Regards,
The_Architect
We're currently eyeing a Power of 3 setup on GBPUSD. After manipulating the Asian session low, we anticipate a rise during the London session following the clearance of sell stops. The current draw on liquidity manifests as the relative equal highs, indicating the H4 Buy Stops.
I'm considering a confirmation entry with the stop-loss set at the low. If the stop-loss is triggered, it would signify further sell stops being taken, prompting another confirmation entry for buys.
Stay tuned for updates.
Best Regards,
The_Architect
Trade closed: stop reached
SL HitComment: I will be looking to see if I can get further confirmations for a buy setup in NY Session, if not then my bias for the day may have been wrong.
Best Regards,
The_Architect
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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.