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hopiplaka1
Feb 5, 2015 6:13 AM

Going short GU during LO using the MMSP Short

British Pound/U.S. DollarFXCM

Description

I expect asian range highs to be taken right into the 15Min bearish order block.

The 1H Order block and mitigation block lines are being respected, and on the 1H we can see a Market maker sell program.

There is the GBP interest rate news today but I do not expect them to take out the double top above the 1.5250 level, let them have it next week.
There is a suspicious double bottom around the 1.5137 level to target.

If the news is really a liquidity driver we might see the stops below the 1.4985 level to be taken out.

Comments
walshman
I got fooled yesterday. I saw a 15 min. MM sel model forming but got blown out. I was too focused on the sell model and didn't check the HTF and SMT. Looks like they want that liquidity above 1.5270.
MarillionPip
I took this trade also. Not looking too good right now. Cable making HH, while USDX was not, so I was hoping for better.
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