GBPUSD - How they manipulated us

Sincerely, I hate GBPUSD 😎😎

@Kadjas, hhaha no bro why

@DariusFxTrading, just imagine that sudden drop
Without the effect of any news. It's scary

@Kadjas, yeah but it was because of Liquidity

@Kadjas, If you can handle that you are going to make big profit

@DariusFxTrading, do you really think it's going to continue to fall? Considering the weakness of DXY

Look the market today.
Whats up duck.

absolutely correct have experienced this many times my stop losses have been hit many times and then price action continued in the direction of my trade where i wanted it to be and in some cases difference was absolutely 0 pips, felt like they specifically came for my stop loss. candle high was right at my SL and it was unbelievable :-D

Anyhow played the same trade here entered based on 15 min & 30 min time frame. but moved my SL just below sell price once it started to fall

Because i thought if it comes back again to demand zone then there will be only for 2 scenarios

1. My trade is not right market was suppose to break the resistance ( Very low probability as it was very strong resistance Weekly, Daily, 4 Hr and there had already been 2 tries )m\
2. They are coming for stop losses. (high probability)

any how it was a breakeven scenario, did not take once it went past supply zone as wanted to see further price action.

Well Currently its again in supply zone as you mentioned closely looking at 5, 15 and 30 min charts

I think Whycoff UTAD just happened today so we go short for a couple of days for sure.

I think price action might reflect smart money taking advantage of opportunities presented by the weakness of USD yesterday. Big spikes on EURGBP are often an opportunity for a quick contrarian trade. While we worry about our stop & risk:reward, those that operate with massive equity and no leverage have patience and automated systems ready to act at all times. Thanks Darius :)