GBPCHF - Liquidity sweep manipulation by NFP incoming?
-Bias are bearish based on 4h EMA's
-However, have rejected my 4H support zone, grabbed buyside liquidity and now looks like it is going to grab sellside liquidity 1 more time
-Hence sell limit placed at 4H resistance zone with SL above previous liquidity sweep
-Hopefully NFP manipulates prices to hit my limits before resuming the bearish trend!
-TP around daily consolidation zone, to take partial profits along the way
Your thoughts? :)
-However, have rejected my 4H support zone, grabbed buyside liquidity and now looks like it is going to grab sellside liquidity 1 more time
-Hence sell limit placed at 4H resistance zone with SL above previous liquidity sweep
-Hopefully NFP manipulates prices to hit my limits before resuming the bearish trend!
-TP around daily consolidation zone, to take partial profits along the way
Your thoughts? :)
Trade closed: stop reached:
SL hit. Bias has now changed to bullish on the 4h. May look for buys once i see a nice entry