London Take 1 - 5/6/2025 - GBPUSD

Initial comments ...updates will follow as usual.

London Setup for GBPUSD.

Trade active

First leg in... news in 30mins, hopefully I can add to this

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Second leg in, braced up for news incoming...

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Nothing abnormal; a break and close below line should see us move smoothly to first targets

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Decent Stophunt, ine didn't hold and we've seen a spike up, keeping a close watch as I expect we will fall down from here if we hold the trendline above like we are

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Missed by a whisker ...max position in this trade, will be ready to exit ahead of news in less than 2hrs

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Trendline below should be violated this time and IF we do then we should fall smoothly to first target

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Adjusted trendline below

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USD high impact news incoming ...observice this level to decide

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Line didn't break, news pushed up for a final stop hunt and now we should melt on down.

Trade closed: stop reached

kenoyer

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