GBP/USD Sell Analysis

10 בינו׳ 2022

My previous Sell position charted up for cable played out perfectly and price reacted from the OB where the TP was placed (1.35325) Now price is pushing back up to fill the un-mitigated areas from the push down. I've identified an order block and refined it on the 1M timeframe. This is where my intended entry is going to be. The target is the new OB created at the bottom of the current range we're in and I've placed the SL just above the previous high of this range. POC is currently above price and we're in a period of consolidation currently.