GBPUSD Intraday Short on M2 M5 M15
This was a trade idea I identified today at 11:10(I have a saved image from Tradingview but can't insert here) waiting for the confirmation for a short intraday trade. The idea was valid on M2 M5 and as well on M15 timeframe. M2,M5,M15 orderblocks were all valid sell OB-s. I set my sell limit based on the lowest timeframe orderblock (M2) but unfortunately the price missed it by 0,7 pips. Of course, i could use the M5, M15 entry, at least M5 but I didn't, I wanted all 3 confirmations. There were also Equal Highs, and liquidity takeouts that also confirmed the valid sell setup and orderblocks. On my swing ideas, i also predicted a swing market shift downside, that maybe happened today if the price fails to create a new higher high on bigger timeframes H1 or H4.
The short position's target was the previous low on M15.
With this trade idea, i just wanted to show, how to go down from bigger timeframes to smaller ones seeking for lower timeframe entires (M1 to M15).
The short position's target was the previous low on M15.
With this trade idea, i just wanted to show, how to go down from bigger timeframes to smaller ones seeking for lower timeframe entires (M1 to M15).
Penafian
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