GBPUSD DOWN for liquidity

Sure! Here's a condensed version of the format for writing trading ideas on TradingView:

1. **Title**- GBPUSD DOWN for liquidity
2. **Symbol and Timeframe**- 5 - 15 min
3. **Overview**- GBPUSD will be down to grab all the liquidity as shown


**Disclaimer*- Only my viewpoint take trades on your analysis.

Comment:

RIsk Reward - 1:3

Comment:

Retest Done - 1 more confirmation

Comment:

There is a support zone now, so we can bring the SL to cost-to-cost at our entry point and wait for the price to break the zone 1.23674-1.23660

Comment:

To get an update on the above zone in 15 min time frame, on 30 may at 8:15 Am there is a ghost candle that is the zone which is giving us the resistance.

Comment:

2nd confirmation

Referring to its cross-currency pair USDJPY I see a short uptrend as there is a W pattern formation now

Time period - 31 May 9:45 to 12:45

Comment:

Following next candle be decider candle for our trade

Comment:

Buyers are weak now price is trying to break the resistance zone. There is another resistance zone below before the liquidity zone this resistance zone has already taken 3 Stoploss hunts on 30 May - 2:30 AM, 5:30 AM, and 9:05 AM, this coming zone can be tough to break.

So trailing the SL is good option.

Comment:

3rd confirmation

On a lower time frame market is trying to take SL from recent orders from both the buy and sell sides.

As its spiking prices at 5 min time frame

Comment:

New resistance zone (1.23468-1.23415)
Hint: Trailing SL

Comment:

Hurray! More than 50% journey was completed.

Comment:

Thinking to exit 50% quantity at 1.23500

Comment:

This 1 hr candle must close below - 1.23583 in red

Comment:

4th confirmation

This 1 hr candle closed below - 1.23583 in red, 50% quantity closed trailing rest

Comment:

This 15 min candle is taking recent orders SL

Comment:

Placing small sell order as the last 15 min candles hit the stop losses, high of the last 15 candles would be my sl this will be a risky trade

Comment:

Price is at the zone of retracement, thinking of adding small position on sell-side with tight stop-loss.

Comment:

1.23500 the price has given a quite a support level for buyers

Comment:

This 15 min candle 15:15 would be a deciding trend candle

Comment:

There is a W pattern formation in 15 min time frame this can be a reversal, confused!

Comment:

Sl at 1.23790 trailing remaining trades. We still have a resistance zone we cannot fight with the market so we will hold for the last moment now zone: 1.23720 - 1.23760

Comment:

Price currently is at fib retracement level at 1Hr time frame also got a liquidity zone even 1.23787-1.23749, might see a big selling or stop-loss Hunt

Soon will see the price dropping.

Come on Sellers!😁😁

Comment:

Confirmation:
I can see 15 min time frame Parallel down the channel.

Trade closed: stop reached:

50% profit booked rest trailing sl hit