Short

Updated

GBPUSD DOWN for liquidity

Sure! Here's a condensed version of the format for writing trading ideas on TradingView:

1. **Title**- GBPUSD DOWN for liquidity
2. **Symbol and Timeframe**- 5 - 15 min
3. **Overview**- GBPUSD will be down to grab all the liquidity as shown

**Disclaimer*- Only my viewpoint take trades on your analysis.

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RIsk Reward - 1:3

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Retest Done - 1 more confirmation

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There is a support zone now, so we can bring the SL to cost-to-cost at our entry point and wait for the price to break the zone 1.23674-1.23660

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To get an update on the above zone in 15 min time frame, on 30 may at 8:15 Am there is a ghost candle that is the zone which is giving us the resistance.

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2nd confirmation

Referring to its cross-currency pair USDJPY I see a short uptrend as there is a W pattern formation now

Time period - 31 May 9:45 to 12:45

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Following next candle be decider candle for our trade

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Buyers are weak now price is trying to break the resistance zone. There is another resistance zone below before the liquidity zone this resistance zone has already taken 3 Stoploss hunts on 30 May - 2:30 AM, 5:30 AM, and 9:05 AM, this coming zone can be tough to break.

So trailing the SL is good option.

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3rd confirmation

On a lower time frame market is trying to take SL from recent orders from both the buy and sell sides.

As its spiking prices at 5 min time frame

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New resistance zone (1.23468-1.23415)
Hint: Trailing SL

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Hurray! More than 50% journey was completed.

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Thinking to exit 50% quantity at 1.23500

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This 1 hr candle must close below - 1.23583 in red

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4th confirmation

This 1 hr candle closed below - 1.23583 in red, 50% quantity closed trailing rest

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This 15 min candle is taking recent orders SL

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Placing small sell order as the last 15 min candles hit the stop losses, high of the last 15 candles would be my sl this will be a risky trade

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Price is at the zone of retracement, thinking of adding small position on sell-side with tight stop-loss.

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1.23500 the price has given a quite a support level for buyers

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This 15 min candle 15:15 would be a deciding trend candle

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There is a W pattern formation in 15 min time frame this can be a reversal, confused!

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Sl at 1.23790 trailing remaining trades. We still have a resistance zone we cannot fight with the market so we will hold for the last moment now zone: 1.23720 - 1.23760

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Price currently is at fib retracement level at 1Hr time frame also got a liquidity zone even 1.23787-1.23749, might see a big selling or stop-loss Hunt

Soon will see the price dropping.

Come on Sellers!😁😁

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Confirmation:
I can see 15 min time frame Parallel down the channel.

Trade closed: stop reached

50% profit booked rest trailing sl hit

KrishB20

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KrishB20