Trade Detail
osasumwen's GBPUSD Trade 0.00
The first transaction is an (Entry). Please switch trade type to be Long or swith all transaction types.
Trade Details
- Published
-
Feb. 28, 2024, 11:56 p.m.
- Status
- CLOSED
- Portfolio(s)
- Broker
- Asset
-
Forex
- Symbol
- Type
-
Short
- Pattern(s)
Featured Image / Proof
This has been no 'Featured Image' uploaded for this trade.
Auto-generated Chart BETA
Notes
The use of top-down analysis was used to understand the flow of the market. The daily timeframe was used to find the overall trend of the market and the market had been retesting a support zone for the past four days. Dropped down to the (1hr) time frame where saw the market trending up so I drew a trendline and saw that the price had been respecting it but just broke the trendline towards the downside. Dropped down to the (15min) timeframe where I saw that the Asian session was quite expansive giving me the understanding that the London session might not have too many opportunities. Using DXY as extra confluence that GBP/USD would be going down, DXY was making moves to the Upside.
On the (15-minute) timeframe the was a Demand zone and directly below it there was a buy-side imbalance giving me reasons why the market would want to come and fill it before making its way towards the downside. I entered the market, of the filling of the Imbalance. Not realizing that there is an imbalance that will need to be filled. Trade went in my favour but I had my eyes off the charts and the price reversed before hitting my TP and closed the trade for a break-even trade.
Transactions
| Date | Side | Amount | Price | Commission | Reg Fee |
| Feb. 28, 2024 12:00:00 | Entry | 2.0 | 1.26464 | None | None |
| Feb. 28, 2024 22:54:56 | Exit | 2.0 | 1.26464 | None | None |
