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akhena10fx
May 23, 2023 2:46 AM

GBPUSD Outlook 5/22 

British Pound/U.S. DollarFXCM

Description

Looking to see weakness in GU, We are at the OB, it can still put another high in inside the OB, or begin to reject off it.

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would like to see something like this.

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tapped in

Trade closed: stop reached

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giving it another shot with SL above 4H OB

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adding a forward test position here. from a 15min OB. initial entry was risk, looking to use this as confidence to be more patient for first OB if it holds.

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About an hour left in this 4H candle, we want to see it close below the 4H FVG as further confirmation of downside.

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going break even.

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london had other plans, taken out for a partial loss.

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short on GU

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going break even here.

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moving well. this is a more conservative TP area.

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Looks like im going to have to rely on FOMC minutes for completion. fingers crossed it doesnt just spike me out. SL at break even still.

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calm before the storm.

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didn't want to hold this interday but its shaping up that way.

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TP1 hit on GU, 80% off the table as usual.

Trade closed: target reached

TP2 Hit, trade collapsed.

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I usually keep this level of post trade analysis private. I have private pages where I break down every successful trade.

I plan to share more like this in private membership content. However this right here is powerful information if you know what to do with it.

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long on GU.

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Still holding, gave it to the london low

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doubled up off 5min FVG
will delete to not clutter chart.

Trade closed: stop reached

Comments
ict_whiz
we see it is in deep discount. and what is your bext poi to long it again.

also, what tf do you yse for confirmation of reversal?
akhena10fx
@mfaisalkhan, I dont see any Higher timeframes reasons to long on GU yet. but long opportunities will present intraday. I like the 15min for confirmation, but also go off the 5M.
ict_whiz
thank you akhena :)
i m also waiting to hear about your telegram channel soon. actually i dont want to miss any market update from your good account :)
ProSignalsFx
Thank you for sharing, mate!
BIGMAN_Kipchirchir
Your trade is on point..
just that your SL was tight..
ict_whiz
hi akhena
thank you for the excellent charts. besides good trades they also teach us a lot of price action. do you also have a telegram channel plz? or er account?
akhena10fx
@mfaisalkhan, I appreciate the kind words. No telegram at this time but I intend to begin soon
ict_whiz
@akhena10, Godspeed brother :) all the best :)
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