GBPUSD SHORT ACTIVE: M15
Updated
I'm trying to keep my trading as simple as possible and just constantly keeping an eye on OF.
1. This was my POI this morning on the M15 for limit short as this is the zone that led to the previous BOS. (cs x1)
2. We have CH which pushed into the SZ you can also see the same thing happening with my previous trade.
3. The market also moved into the premium. (cs x2)
4. In plan to take 80% of my trade at the weak low.
5. Im going to let the trade run to see if it heads towards my H1 DZ.
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Daily perspective:
1. This daily DZ has my H1-DZ nested within it, could be a powerful move however it has been mitigated so there could be a short-term reaction and then a further push down.
2. This daily DZ has also been mitigated.
3. I think this daily DZ would be a prime choice to push the market back to the upside because there is buy-side liquidity here, not only that it pushes just out of discount prices and would break a strong swing low which led to the previous BOS.
1. This was my POI this morning on the M15 for limit short as this is the zone that led to the previous BOS. (cs x1)
2. We have CH which pushed into the SZ you can also see the same thing happening with my previous trade.
3. The market also moved into the premium. (cs x2)
4. In plan to take 80% of my trade at the weak low.
5. Im going to let the trade run to see if it heads towards my H1 DZ.
-------------------------------------
Daily perspective:
1. This daily DZ has my H1-DZ nested within it, could be a powerful move however it has been mitigated so there could be a short-term reaction and then a further push down.
2. This daily DZ has also been mitigated.
3. I think this daily DZ would be a prime choice to push the market back to the upside because there is buy-side liquidity here, not only that it pushes just out of discount prices and would break a strong swing low which led to the previous BOS.
Note
80% taken off the trade at the weak swing low:)
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