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akhena10fx
Apr 17, 2023 3:41 AM

GBPUSD Outlook 4/16 Short

British Pound/U.S. DollarFXCM

Description

Bearish on XXXUSD pairs, looking to combine this with dollar strength. We got a good candidate for what could be the high of the month last week. Low news activity this week so eyes on Tuesday for the move to begin.

Comment

im short on GU, though it may be premature. I like the 5 min Rej block.

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cautiously reducing risk, price really shouldnt have any more business up there unless the trade idea is to be invalidated.

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shes stubborn but I still believe in her.

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im going break even a little early.

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not sure if hubris or informed stubbornness on this one yet. time will tell.

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Lol can this either be stopped out or run? im getting bored.

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expecting a "search and destroy" pattern where both sides of the liquidity pool is taken out in an expanding fashion.

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initial trade stopped out break even during london. in another short with the same TP and same general idea.

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not ideal, gave it some room past intial SL, but doesnt look great.

Trade closed: stop reached

stopped out.

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last attempt

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was stopped out, not happy with my performance today, was chasing price instead of just being patient and waiting for the signal.

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expanding wedge or "seek and destroy" liquidity pattern. extremely hard to trade. if it puts in a new low ill look for short opporutnities.
Comments
needfulSeafowl811
is the last trade still possible ? Has Bearish movement enterred the markert after big rally up ?
akhena10fx
@needfulSeafowl811, I think bearish has begun but I was stopped out.
needfulSeafowl811
i think it going to continue the trend and go up forethure
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