GBPUSD SHORT - Wicks don't lie?
Updated
Let's see if wicks don't lie.
I'm in this trade since 8:37pm (GMT), went to bed and the price was being very disputed in this area between buyers and sellers, a.k.a we always have a little bit manipulation, the liquidation game.
It was in profits during the night for a while as I've checked the candles in the morning and now it's bouncing.
If I'm reading this right, it's going to be a nice sell until the next Demand zone.
If it doesn't happen during the London session now it can probably go down when we start the N.Y session later on.
I will keep it simple with 1 position but my hands are like "Stack stack stack".
It's a nice setup to stack trades and get big profits, but RISKY! So, let's not be GREEDY.
I'm in this trade since 8:37pm (GMT), went to bed and the price was being very disputed in this area between buyers and sellers, a.k.a we always have a little bit manipulation, the liquidation game.
It was in profits during the night for a while as I've checked the candles in the morning and now it's bouncing.
If I'm reading this right, it's going to be a nice sell until the next Demand zone.
If it doesn't happen during the London session now it can probably go down when we start the N.Y session later on.
I will keep it simple with 1 position but my hands are like "Stack stack stack".
It's a nice setup to stack trades and get big profits, but RISKY! So, let's not be GREEDY.
Trade closed manually
Closed with nice profits 1.25273 when it started to show some rejectionNote
Reason: strong support respected so many times at this point. And since I was 12hours in this trade already, since yesterday. I wouldn't wait for more. Im satisfied with the profits and I'm only opening another position today if I see a good one, cuz I made already 3% in one simple trade.
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