GBP/USD long (4pm-3am)
Price was bearish the last few days, till it reached a significant swing low.
5/15 min, we would been in a "bearish" bias, but based on daily, we are reach a signicant lows, and we should treat price accordingly. since price game a signifciant move near this low, and has a over extended leg/order block on m15 chart, i decided to buy, which the knowlegde, it MIGHT pull back down.
but with price repsecting the structure, i had faith to take profits expecting banks to search for liquidity higher near the extended leg, before possibly continuing higher, or maybe pushing even farther to the downside.
5/15 min, we would been in a "bearish" bias, but based on daily, we are reach a signicant lows, and we should treat price accordingly. since price game a signifciant move near this low, and has a over extended leg/order block on m15 chart, i decided to buy, which the knowlegde, it MIGHT pull back down.
but with price repsecting the structure, i had faith to take profits expecting banks to search for liquidity higher near the extended leg, before possibly continuing higher, or maybe pushing even farther to the downside.
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