GBPUSD: Trapped Sellers Everywhere 🐻
Updated
After analysing the volume and delta profile, it seems that a large number of sellers are found trapped down the chart where we have had previous fake breakouts.
Now that we are in a major supply, it is likely to see some of these bullish moves being corrected.
I will be waiting for a liquidity grab of the equal highs created within the supply, followed by a shift in the structure before I join the sellers.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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Please like, subscribe, and share this idea with others! ⬇️
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Now that we are in a major supply, it is likely to see some of these bullish moves being corrected.
I will be waiting for a liquidity grab of the equal highs created within the supply, followed by a shift in the structure before I join the sellers.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
--------------------------------------------------------------------------------------------------------
Please like, subscribe, and share this idea with others! ⬇️
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Comment
No BOS, No trade.
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