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British Pound / U.S. Dollar
Short
Updated

GBPUSD: Bearish Momentum Persists, Targeting Daily Sell Stops

182
Currently, GBPUSD demonstrates a persistent inclination towards the sell side, targeting the Daily sell stops. Having interacted with an m15 order block, a liquidity void has been filled. Now, a potential retest of the order block is underway, with price currently trading within a rejection block. This setup may serve as confirmation for further selling activity.

Alternatively, if this scenario fails to materialize, selling against the m15 Buy Stops becomes a viable strategy, awaiting confirmation for entry.

Kind Regards,
The_Architect
Trade closed: stop reached
SL Hit
I'll be looking to see if I can get a confirmation to continue sells.

Refer:snapshot

Kind Regards,
The_Architect
Trade active
Confirmation Entry: 2min MSS and FVG Retest

Refer:snapshot

Kind Regards,
The_Architect
Trade closed: stop reached
SL Hit: 2% Lost today. I am done trading for the day.

Refer:snapshot

Happy Trading,
The_Architect
The_Archi-tect
Also on:
Beyond Technical AnalysisgbpusdanalysisgbpusdbearishgbpusdsellgbpusdshortictictconceptsictorderblockTrend Analysis

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.
Beyond Technical AnalysisgbpusdanalysisgbpusdbearishgbpusdsellgbpusdshortictictconceptsictorderblockTrend Analysis
The_Archi-tect
Also on:

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.