Pair Name : GBPUSD
Time Frame : 1H
Scale Type : LARGE
Price has broken structure to the downside on the 1 min and 3 min and is now trading at a 4hr RESISTANCE area and has had a false break above the previous 4hr high which presents it self as equal highs on the 15 min timeframe ASIA RANGE LIQUIDITY TAKEN
Reason for trade
ASIA SESSION HIGH LIQUIDITY WAS TAKEN
Imbalance to be filled
Price trading at 4hr resistance & a false break above, the previous 4hr high
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
Time Frame : 1H
Scale Type : LARGE
Price has broken structure to the downside on the 1 min and 3 min and is now trading at a 4hr RESISTANCE area and has had a false break above the previous 4hr high which presents it self as equal highs on the 15 min timeframe ASIA RANGE LIQUIDITY TAKEN
Reason for trade
ASIA SESSION HIGH LIQUIDITY WAS TAKEN
Imbalance to be filled
Price trading at 4hr resistance & a false break above, the previous 4hr high
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!