Currently, EURGBP is exhibiting bearish institutional order flow, leading me to anticipate a continuation from the current H1 Bearish Order Block. The objective is for price to reach the Daily Bullish Order Block, our current Draw On Liquidity. This sell opportunity holds a high probability due to the presence of low resistance liquidity towards the downside, facilitating smooth movement through inefficiencies such as Liquidity Voids and Fair Value Gaps towards the Order Block.
I have considered taking a Risk Entry Trade off the H1 Order Block, with the Stop Loss positioned at the high of the Order Block.
Kind Regards, The_Architect
Handel aktiv
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Scale In Opportunity Confirmation: m5 Bearish Order Block Entry TP= 4R
Refer:
Kind Regards, The_Architect
Kommentera
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Scale In Opportunity Trade SL Hit The 1st Order is still running, lets see what happens.
Refer:
Kind Regards, The_Architect
Trade stängt: Stopp nått
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SL Hit
Refer:
Kind Regards, The_Architect
Trade stängt: målet nått
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TP Hit= 4R Target Risk Entry: Entry off the H1 Order Block Comment: The primary objective remains to address the market inefficiencies, with the aim of price reaching the Daily and H4 Bullish Order Blocks. Once this prerequisite is met, attention can then shift towards potential bullish momentum. Therefore, we might anticipate the market drawing towards the Order Blocks initially before witnessing a shift towards buying activity.
EURGBP Broke an important trend, i doubt it will fall!
The_Archi-tect
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@JoeChampion, You're correct. While I'm bullish on EURGBP in the long run, my short-term strategy focuses on exploiting inefficiencies. Once the price hits the Order Block, I'll consider my long-term trade. But if price doesn't reach that point, I'll wait for clearer buying opportunities.
Long term Bullish Perspective:
The_Archi-tect
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@JoeChampion, The primary objective remains to address the market inefficiencies, with the aim of price reaching the Daily and H4 Bullish Order Blocks. Once this prerequisite is met, attention can then shift towards potential bullish momentum. Therefore, we might anticipate the market drawing towards the Order Blocks initially before witnessing a shift towards buying activity.