BodiesXWix

$GBPUSD - Buy Side Liquidity = Trading higher

Long
BodiesXWix Updated   
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Looks like GBPUSD already gave us an optimal trade entry during the Asian Session. After bouncing off the 1.29000 level last week it did create a lot of sell side liquidity but it seems to be showing a willingness to want to trade higher. Looks like we already missed an optimal trade entry which could come to fruition during the London Session. Or it could soon and then trade down during the London Session. I do think we'll see some buying before we see some selling and it's already happening. First it will want to take out those equal highs it already created tonight. Then the previous days highs. 3 The reason I see that as a target is that it's double the symmetry of the trade for one, it is about halfway up the 4HR bullish candle, (See Chart)
And there is a bit of disturbance there in the 15 min chart (Scroll in original idea chart above)
We could see a bullish week for GBPUSD. But as for now, I think I already missed the first good trade of the week watching football and I'm waiting on another entry. It's already traded down into the bullish order block which is another reason why I believe that was the best entry that was missed.


But After watching the price action for almost 10 minutes. I think I could be absolutely wrong too. It's looking a bit bearish. A lot of movement for a Sunday night.
Comment:
Then right after I think it could be a buy optimal trade entry, it forms an optimal sell trade entry. and equal lows at the same time. I think I'm staying out of this until I can know for sure which direction it wants to go.
Trade closed: target reached:
I'm glad I held on on the original idea. I undershot my expectations though. Which is better than overshooting. Looking for a re-entry as I think it' setting up for another buy as there are two more highs ahead that it's more likely to attack than it is attack the sell side liquidity.
Comment:
Actually now would be the perfect re-entry for a buy.

Comment:
re-traced back to the 62% level, also halfway through the 15 min bear candle. So buy the 50% rule, as long as it stays above there it should continue to buy. Aiming for 1.30900

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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