BodiesXWix

$GBPUSD - Bearish Order Block to attack sell side liquidity *SMT

Short
BodiesXWix Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
*SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.*

It appears yesterday that that their may have been a sligh break of structure in the GBPUSD Chart. However, thje low it created was on par with another low that was created back in march of 2020, during the pandemic. My studies kead me to believe that the price may rise just above the current highs to enter a fair value gap and as soon as it does we should see the fall of the price to head toward that liquidity zone around 1.14

AS PICTURED HERE

I HOPE thi was simple enought to understand.
GBPUSD
Trade active:
So the original position fgot stopped out, but last night as I was watching the Asiamn Session I could tell there was manufactured liquidity below the price action of the session. I waited unti adter mnidnigfht new york Time because that is when the new Algorithm Starts. So Placed an even Larger short with more leverage around 3 a.m. at the peak of the GBP trading time and knew the Judas swing was coming (That's where the price, in this case, goes above the midnight price, sucking buyers in) And the Judas Swing goes the other way destroying the buers because they didsn't see the liquidity under the Asian Session. I just pulled off about 65% of mu profits and IO thinking I'm going to hold the rest of it because It looks like it's going to move up into the Fair Value Gap and then drop even further after GBP's numbwers come oiut, their PPI, HPI, CPI. and it should hit another fair valu gap laying below the current price

You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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