EURGBP SHORT POSITION

22 jun 2022

EURGBP

With Buy side Liquidity cleared thanks to long wick at 15:00 GMT+1, an imbalance remains to be filled then we could see price drop to clear out the sell side Liquidity. Price currently pushing to break the Equal Highs and Equal lows and then fill the imbalance.

Using Smart Money Concept (SMC) Trading strategy and the 1H time frame, price could react off the mitigated order block at $0.86257 and further drop to clear out Sell side Liquidity towards the unmitigated order block at $0.85106.

Trade Signal
ENTRY: $0.86257
TAKE PROFIT: $0.85106
STOP LOSS: $0.86370