December 2022: Selling GBPUSD Pt. 2

14 dic 2022

Hello everyone, the sells have begun. Following my previous analysis, We've been anticipating sells for the rest of the week, with indicated targets at 1.1739/1.1738. The areas I have marked on the chart: 1.24251, 1.24042, 1.23552 are possible areas of pullback with this sell impulse. It is best to wait for price to pullback into areas and wait for consolidation before entering an order.

As always trade cautiously. Happy Profits.

14 dic 2022

Trade attivo

14 dic 2022

Trade attivo

1.24042 is about 50% fib of the current move and looking more likely for a consolidation to add another sell position.

14 dic 2022

Trade attivo

My first confirmation has to be a 1h BOS lower. If we get a 38.2 pullback, and 1h bos, it is possible price might pullback to take liquidity before continuing lower.

14 dic 2022

Trade attivo

monitoring the 1min chart: If price pulls back now, I would be looking for consolidation between the 1.24001 and the 1.23939

14 dic 2022

Nota

1h BOS confirmed.

14 dic 2022

Trade chiuso manualmente

stopped out at BE

15 dic 2022

Nota

Price action seems to be resisting a sell this week. That recovery broke 1.24452 broke a likely impulse downwards. There is going to be a lot of volatility at 12pm and 1pm

15 dic 2022

Nota

Good, Price has broken the low now.

15 dic 2022

Trade attivo

16 dic 2022

Trade attivo

I am currently having a short buy on GBPUSD inside this sell setup.