thewiz03

GBPUSD: A POST MOVE ANALYSIS

FX:GBPUSD   British Pound / U.S. Dollar
Today, to say the truth, i was actually looking for bullish entries but the market actually showed me the bullish signs were actually a trap

why did i go bullish:
because the 1HR TF price, made a change of character from bearish to bullish by making a break of structure to the upside. it actually took a buyside liquidity with small fvg. but what i did not notice was that, there was an unmitigated bearish ob above that and the price fell directly from that ob.

As i was bullish, i did not notice that and missed the trade on the bearish side. but i took a small
1 min scalp on pullback, entry on target 1( which i consider to be risky and i will not recommend it) and took my profits near the target 2.
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.