Wednesday, 02 November 2022

PAIR: - GBP/USD
Wednesday, 02 November 2022
Wednesday, 02 November 2022

Overall, in weekly timeframe market is bearish market right now in 1d timeframe coming back up
to fill some imbalance price before falling further according to my hypothesis.

Dropping down to 4h timeframe what I saw was market was changing its trend from uptrend to
downtrend, market after forming a new HH I mark down the imbalances where market could
come to fill those imbalances before making new HH.

The trade idea generated when market fill an imbalance price and come deep inside and break
below the middle which form new LH showing market is right now in downtrend and below that a
heavy imbalance demand was sitting untested so, what I anticipated that market will reverse back
up and fill the supply above and selloff to that larger demand. When market reverse and hit the 4h
OB I drop down to the 5m,3m for lower timeframe confirmation (3 rd picture).

Dropping down to lower timeframe what I saw was market formed a change of character and
broken many significant structures in 5,15,30m timeframe. So, I looked for untested supply from
which I would be happy selling the market. I found an untested 3m demand where I place d my
sell limit and stops above the swing high and for target, I choose a 5m untested OB below. I did
not choose the larger target because yes market came inside the order block after refining it
further there were more precise OB (1h and in lower TF) were there which was untested so I
expected that marked after filling that demand below it will shoot up to fill that supply then some
strong sell, we could observe.
Wednesday, 02 November 2022

Goes as planned