Market Analysis

GBPUSD has finally retraced into the area I was waiting for. Yesterday’s high provided the liquidity for the move higher, and price is now at my sell entry.

SELL GBPUSD Entry: 1.32447

SL: 1.32573

TP: 1.32043 🎯

Let's see if sellers take control from here.

I mapped this retracement yesterday and price has finally reached the entry. The push higher took liquidity around yesterday's high before trading into my POI.

Entry 1.32447 | SL 1.32573 | TP 1.32043

Looking for bearish continuation. 📉

The retracement I was waiting for has arrived.

Yesterday's high → liquidity taken

POI → reached

Sell entry → triggered

Weak low → target

Entry: 1.32447 | SL: 1.32573 | TP: 1.32043

Now price has to deliver.

GBPUSD is a good example of why I don't like chasing price. Instead of selling at the lows, I waited for the retracement.

Price has now used yesterday's high as liquidity and reached my sell area.

Entry: 1.32447

SL: 1.32573

TP: 1.32043

Execution done. Onto management.

Price has tapped into the area I marked yesterday. The liquidity above has been utilized, and I'm now looking for the bearish leg to continue toward the weak low.

Entry — 1.32447

Stop Loss — 1.32573

Take Profit — 1.32043

No prediction from here. Let price do the talking.

GBPUSD has retraced all the way back into my entry after yesterday's bearish setup.

The interesting part is how price used yesterday's high as liquidity during the retracement. Now I'm positioned for the potential continuation lower.

SELL @ 1.32447

SL @ 1.32573

TP @ 1.32043

GBPUSD finally came to me rather than me chasing it. Yesterday's high has provided liquidity and price is now testing the area from which I expect sellers to respond.

Entry: 1.32447

SL: 1.32573

TP: 1.32043

Targeting the weak low below. 🎯

The retracement is complete and my sell has been triggered. With liquidity taken above and the weak low still sitting below, I'm watching for bearish displacement from this area.

Entry: 1.32447

SL: 1.32573

TP: 1.32043

Let's see what London/New York delivers.

GBPUSD SELL TRIGGERED 🔻

GBPUSD is finally at my entry. Price pushed into yesterday’s high, using that liquidity before reaching my sell area.

Entry: 1.32447

SL: 1.32573

TP: 1.32043

Now I want to see bearish delivery toward the weak low.

GBPUSD SELL TRIGGERED 🔻

GBPUSD is finally at my entry. Price pushed into yesterday’s high, using that liquidity before reaching my sell area.

Entry: 1.32447

SL: 1.32573

TP: 1.32043

Now I want to see bearish delivery toward the weak low.

GBPUSD- price is quite close to a key level support at 1.3200. I'll rather be looking for buy opportunities next week. Despite price is still bearish, sell opportunities are best for scalps.