OB
GBPJPY LIQ GRABS - (Monday November 30th, 2020)4H TF, GBPJPY, REACHING A POI
- ADDRESSING THE GREEN OB: MARKET REACHED 50% OF THE ORDER BLOCK ALREADY
- NOW MARKET IS CREATING EQUAL HIGHS AND LOWS (BLUE)
- BROKE ITS TREND AND SOLD OFF TO GRAB LIQUIDITY
(SOLD OFF WHEN MARKET REACHED THE RECENT WICK REJECTION (DOTTED LINE))
- OUTLOOK: BUY UP TO THE UNTESTED LEVEL (POI)
(TAKE THE SL SET OF ALL SELL ORDERS)
GBPJPY TRADE IDEA Last week GBPJPY gave us a strong reaction off that weekly OB mean threshold. I wanted to get in this trade I idea when I saw this happening but didn't want to risk too much so I chose to let it play out. It's been showing a strong reaction which is good, I want to see the market drop to the 4hr for the buy set up and constantly watch it. If you look at the chart it should explain the rest of what I was seeing for the trade idea.