Potential GBPUSD Sell Idea

14 févr. 2024

I am anticipating that the New York Session manipulates the London session m15 Buy Stops, this will result in a Turtle Soup (False Break). If this occurs I will be interested in taking sells within the m5 order block after entry confirmation.

Note: Wait for the 2nd Quarter of the NY Session before considering sells, being 07:30 due to the fact that the first quarter tends to be less volatile because the session just opened.

Kind Regards,
The_Architect

14 févr. 2024

Note

We have now taken the m15 Buy Stops, I am now anticipating that the m5 Order Block gets filled, by doing so it will be closing the Liquidity Void. Then I will be valid to look for sells confirmation on the 2min TF. The Tp will be the Daily Sell Stops.

Refer below:


Kind Regards,
The_Archi-tect

14 févr. 2024

Note

We have filled the Liquidity Void and tapped into the m5 Order Block.
Now we want to wait for a market structure shift (CHoCH) meaning we want to see price make a HH, HL then break/ wick the previous HL on the 2min TF. When that has occurred we then want a pullback into a FVG and enter our sell with the SL on the 2min Swing High.

Refer:


Kind Regards,
The_Archi-tect

14 févr. 2024

Note

I will be coming back tomorrow to continue the sell idea provided that I receive enough information to suggest that we are continuing lower. In any case, I could not participate in todays trade.

Refer:


Kind Regards,
The_Archi-tect