GBPUSD 11/23/2022

Still bullish on GU. There is a bearish OB @ 1.19760 above most recent buyside liquidity. Willingness to move away from that OB will flip my bias. If price trades to, through and holds above that level I expect price to continue to chase buyside liquidity. I'm not comfortable with buying from here since we are above EQL of the range.

Trade active:

Short on GU. Stops already in profit

Trade closed: stop reached:

Stops hit in profit. was trying to catch a quick scalp ride down to AR low. Was not willing to risk going into draw down.

Comment:

Entries are becoming more consistent. Still not comfortable buying this high in the range.

Comment:

Being that it is mid week we could see price begin to trade back towards the weekly open

Trade active:

Last trade for the week. If its going to go back to weekly open I think could be from here. Risking 20 pips.Low lot. Happy Thanksgiving!

Comment:

Collapsing stops to 10 pips.

Comment:

Moving stops in profit. dont like the pullback before a BOS.

Trade closed: stop reached:

Stops hit in profit. Trade could still playout without hitting original SL of 20 pips ,but I wasn't willing to risk the small profits we were able to secure this week. around 30/50 pips i wanted secured this week. I'm calling it a week there. Happy Thanksgiving!!

Comment:

If I'm not mistaken the 4th candle not closing down here invalidates the swing also. now I can leave the trade without feeling as if I missed out or I moved my stops too soon. Validating my losses is a technique I'm using to help mentally secure my profits that way I don't back into the market seeking revenge.

Comment:

Buyside taken. Should see price start to seek sellside liquidity.

Comment:

Check out @akhena10 on tradingview!! Sleeper outlook on the market.