Bearish on GBPUSD expecting it to chase buyside first. Annotation on chart, no live trades on market, PNL just to show where I think the probabilities lie at the moment.
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Short on GU
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Initial reaction favorable. my expectation is that price will seek to close the range between 12AM and 8AM opens to fill the sellside inefficiency. SL is at BE.
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Trade continues to develop favorably, TP2 has been moved to a more conservative .05 bearish extension of the open range.
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Closed TP1 at bottom of hourly FVG as I did not want to give anything back to the market. 20% of initial volume left till lower target. Really loved the delivery on this one.
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TP1 selection level was ideal as the reaction was a significant retracement tradingview.com/x/VTk5tOl3/. outlook for the day remains bearish.
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Had to hold this for a while but final TP hit, price kept falling. Happy with my piece of the pie.