thewiz03

GBPUSD: A POST MOVE ANALYSIS

FX:GBPUSD   British Pound / U.S. Dollar
the 1 hour time frame: the price has been taking the sellside liquidity with fvg, indicating that the price wants to hunt further in the downside liquidity, meaning that the trend is bearish in this time frame which is, the higher time frame bias is bearish.

15 min time frame: the price here has been making a counter trend in the view of the higher time frame, so we the trade was taken when the 15 min tf price made a choch and then sweeped liq, the entry was taken there and the target was set near the nearest 15 min sellside liq which is at 1:2.5 but the trade was closed at 1:3
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.