$GBPUSD - Seeking Liquidity Short - 3:1 Scalp-ish Trade

The old me wants to buy it because it fits the trend-line/channel. Also, the double top doesn't help. I know that once we get near that double top it's going to break it. But everyone else is buying right now, thinking the same thing and that's why the smart money signals are telling me to sell soon. There is a breaker and an order block just above this consolidation area. I believe it will enter and exit this area pretty quickly and head south seeking more buyers and taking them out as they set their Stop Losses just below these liquidity areas like the previous daily lows. So I have 3 take profits marked out along the way in case it does hit another small Order Block and bounce, I'll take profit there, move my stop loss to where ever is appropriate and continue hoping that it's going to take out the sell-side liquidity.

I believe it's currently building up sell orders, although it looks like a buy, that's what they bankers want you to think so that when you buy on this level they'll just turn around and take out your money by forcing the price to sell. So I'm going for the sell here and I'm already in position to do so.

Happy Thanksgiving! and happy trading!

İşlem aktif:

Entered and exited just as quick as I thought.

Yorum:

Pushing a little harder than I thought.

Yorum:

out of my first position but into my backup position which was entry at 1.33615

İşlem kapandı: hedefe ulaştı:

I changed my target to 1.33200 before I went to bed. I was surprised to wake up to see that it happened.