GBPUSD H4 Short Position
GBPUSD Pair has mitigated a H4 Orderblock on the sell side, and there is liquidity. Also its a triple high on H4, and if the price respects the zone of interest(H4 OB) a pullback is expected. The target is the previuos swing low knowing we are in a bullish market structure on H1 and H4 GBPUSD.
After reaching 1:1 - 1:2 RR or 1-2% moving stoploss to entry makes the trade risk free.
GBPUSD Pair has mitigated a H4 Orderblock on the sell side, and there is liquidity. Also its a triple high on H4, and if the price respects the zone of interest(H4 OB) a pullback is expected. The target is the previuos swing low knowing we are in a bullish market structure on H1 and H4 GBPUSD.
After reaching 1:1 - 1:2 RR or 1-2% moving stoploss to entry makes the trade risk free.
Trade active:
1% or 1:1 RR reached
Trade active:
2% or 1:2 RR reached