I am looking at shorts only for this pair, Dovish comments from Bailey and Pill + hedge funds going short in large quantities since 2021 shows to me that we can short the pair from the supply boxes shown in the chart.
Stop losses above the supply boxes, 1% risk at all times.
The UK will struggle to bounce in 2023, and I expect recession to hit the UK economy in Q3 hard.
Stop losses above the supply boxes, 1% risk at all times.
The UK will struggle to bounce in 2023, and I expect recession to hit the UK economy in Q3 hard.
Trade active:
Perfect reaction to my supply box and the trade was initiated
Comment:
Stop loss moved above last days high, tough trade and GBP seems resistant to a drop so careful positioning for the next 24 hours, news coming out soon.
Comment:
Took partial TP based on the 1 min volume on the uptick, rest moved to the SL of opened trade at 1.2528, taking clean profit with 0 losses.
Trade closed: stop reached:
Stopped me out, took 30 pip partial win, waiting for reentry on smaller time frames, not convinced with that break given the GBP situation