GBP/USD
Hello traders, As much as I didn't want to, I decided to close the trade within the framework of the main corrective movement towards the target take-profit, which coincided with the swing low of the daily period, although the decline turned out to be greater than expected. You never know, sometimes the market moves pip by pip to work off such liquid values, and sometimes much more, around 15-20 points. As for what's next, it's currently 50-50, and it seems like the southward movement has not been fully completed yet, indicating potential for further decline (correction), although a rise could follow if Trump doesn't express anything over the weekend. A fundamental factor could significantly alter the structure. Nevertheless, the structure of the higher period (daily) favors the continuation of the upward scenario. The reaction to the rise was from the liquidity level FVG D1 (orange zone) at 1.3321±. However, the main target has not been met — the swing high (fractal) at 1.3471± has not been updated. From my experience, such situations indicate a lack of liquidity, nothing more than manipulation by a large player in favor of capturing (collecting) additional liquidity volume. If this idea plays out again, then the southern correction is not yet complete. At the start of the new trading session, the market may move downwards. I outline two scenarios for myself: 1) Liquidity withdrawal from the low of Friday's daily bar at 1.3341± with a subsequent reversal in favor of growth; 2) Liquidity withdrawal from the low at 1.3287±, from where the upward bounce started earlier. With this approach, the risk-to-reward ratio is approximately 1 to 4, unlike the first entry point.
