GBP/USD Sell Opp

Hello,

I am looking for confirmation to enter this trade due to the confluence embellished in the technical analysis above. Upon receiving that confirmation, I will then look for a better entry on a lower time frame; thus allowing me to minimize risk. Please execute with your due diligence. The financial markets are risky, I am not responsible for any capital loss.

Thanks,
Trade Wisely

Trade attivo:

Put it at B.E.

Commento:

Break Even SL please

Trade chiuso: obiettivo raggiunto:

Price knocked me out at Break Even, no loss.

Commento:

Anticipating a short squeeze opportunity. Meaning, I have reason to believe institutional bank traders are consolidating price just late take out orders towards the upside. The range on the 15M is a sign they are doing so. I am expecting the price to rise to come into next week, October 5th.

Thank you,
Trade Wisley

Commento:

As anticipated Friday evening. Price action opened towards the upside. And we saw a bullish rally as expected.

Trade chiuso: obiettivo raggiunto:

100+ pips