GBPUSD Intraday Short on M2 M5 M15

13 בינו׳ 2023

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).