KrishB20

GBPUSD DOWN for liquidity

Short
KrishB20 Aktualisiert   
FX:GBPUSD   Britisches Pfund / US-Dollar
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1. **Title**- GBPUSD DOWN for liquidity
2. **Symbol and Timeframe**- 5 - 15 min
3. **Overview**- GBPUSD will be down to grab all the liquidity as shown


**Disclaimer*- Only my viewpoint take trades on your analysis.

Kommentar:
RIsk Reward - 1:3
Kommentar:
Retest Done - 1 more confirmation
Kommentar:
There is a support zone now, so we can bring the SL to cost-to-cost at our entry point and wait for the price to break the zone 1.23674-1.23660
Kommentar:
To get an update on the above zone in 15 min time frame, on 30 may at 8:15 Am there is a ghost candle that is the zone which is giving us the resistance.
Kommentar:
2nd confirmation

Referring to its cross-currency pair USDJPY I see a short uptrend as there is a W pattern formation now

Time period - 31 May 9:45 to 12:45
Kommentar:
Following next candle be decider candle for our trade
Kommentar:
Buyers are weak now price is trying to break the resistance zone. There is another resistance zone below before the liquidity zone this resistance zone has already taken 3 Stoploss hunts on 30 May - 2:30 AM, 5:30 AM, and 9:05 AM, this coming zone can be tough to break.

So trailing the SL is good option.
Kommentar:
3rd confirmation

On a lower time frame market is trying to take SL from recent orders from both the buy and sell sides.

As its spiking prices at 5 min time frame
Kommentar:
New resistance zone (1.23468-1.23415)
Hint: Trailing SL
Kommentar:
Hurray! More than 50% journey was completed.
Kommentar:
Thinking to exit 50% quantity at 1.23500
Kommentar:
This 1 hr candle must close below - 1.23583 in red
Kommentar:
4th confirmation

This 1 hr candle closed below - 1.23583 in red, 50% quantity closed trailing rest
Kommentar:
This 15 min candle is taking recent orders SL
Kommentar:
Placing small sell order as the last 15 min candles hit the stop losses, high of the last 15 candles would be my sl this will be a risky trade
Kommentar:
Price is at the zone of retracement, thinking of adding small position on sell-side with tight stop-loss.
Kommentar:
1.23500 the price has given a quite a support level for buyers
Kommentar:
This 15 min candle 15:15 would be a deciding trend candle
Kommentar:
There is a W pattern formation in 15 min time frame this can be a reversal, confused!
Kommentar:
Sl at 1.23790 trailing remaining trades. We still have a resistance zone we cannot fight with the market so we will hold for the last moment now zone: 1.23720 - 1.23760
Kommentar:
Price currently is at fib retracement level at 1Hr time frame also got a liquidity zone even 1.23787-1.23749, might see a big selling or stop-loss Hunt

Soon will see the price dropping.

Come on Sellers!😁😁
Kommentar:
Confirmation:
I can see 15 min time frame Parallel down the channel.
Trade geschlossen: Stop wurde erreicht:
50% profit booked rest trailing sl hit
Haftungsausschluss

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