GBPUSD: Potential London Session Sell Idea
Updated
Currently, I am observing a potential selling opportunity that appears poised to target the H1 Order Block, with the aim of filling the associated liquidity void. Price action is currently demonstrating a respect for the Institutional Order Flow, particularly evident through the presence of bearish order blocks. As such, the expectation is for price to persist in this direction, ultimately reaching the sell-side draw represented by the H1 Order Block.
However, should price invalidate the Institutional Order Flow, my attention would shift to the M15 Order Block, from which I would consider initiating sell positions with the objective of reaching the H1 Order Block.
In any scenario, my response will be guided by market dynamics and will adjust accordingly.
Kind Regards,
The_Architect
However, should price invalidate the Institutional Order Flow, my attention would shift to the M15 Order Block, from which I would consider initiating sell positions with the objective of reaching the H1 Order Block.
In any scenario, my response will be guided by market dynamics and will adjust accordingly.
Kind Regards,
The_Architect
Trade active
Took a confirmation Entry, SL at the invalidation point such that if the SL gets Hit I have an idea of where the next entry would be upon confirmation and that is explained in the post above.Refer:
Kind Regards,
The_Architect
Trade closed: stop reached
SL Hit, the anticipation at this point is to take a confirmation entry off the m15 FVG provided that price reaches it.Refer:
Kind Regards,
The_Architect
Trade active
Second Entry Confirmation at the m15 FVG as anticipated in the analysis. Lets see what happens.Refer:
Kind Regards,
The_Architect
Order cancelled
SL Hit on my end. I risk 2% a day, so at this moment I am done for the day. My first losing day for the week. In any case, I will be back tomorrow.Refer:
Kind Regards,
The_Architect
Comment
Draw is still likely, I will not take part in it however due to the fact that I am done trading for the day, due to my incurred losses.Refer:
Kind Regards,
The_Architect
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