𝗚𝗕𝗣/𝗨𝗦𝗗 – 𝗥𝗲𝘁𝗿𝗮𝗰𝗲𝗺𝗲𝗻𝘁 𝗧𝗿𝗮𝗱𝗲

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𝗚𝗕𝗣/𝗨𝗦𝗗 – 𝗥𝗲𝘁𝗿𝗮𝗰𝗲𝗺𝗲𝗻𝘁 𝗧𝗿𝗮𝗱𝗲British Pound vs US DollarPEPPERSTONE:GBPUSDShaboS𝗚𝗕𝗣/𝗨𝗦𝗗 – 𝗥𝗲𝘁𝗿𝗮𝗰𝗲𝗺𝗲𝗻𝘁 𝗧𝗿𝗮𝗱𝗲 Over the weekend, I analyzed a **bullish scenario for GBP/USD**. The idea remains valid: if price reaches the extreme discount area below, I will look for a long towards the buyside. But there is still a long way to go. The discount area is approximately **100 pips below current price**. So what am I doing in the meantime? 𝗜 𝗮𝗺 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗿𝗲𝘁𝗿𝗮𝗰𝗲𝗺𝗲𝗻𝘁. Price broke M15 market structure to the downside. This can signal that GBP/USD has entered a **retracement phase**. And this is exactly where my second strategy comes into play. I have two strategies: 𝟭. **𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗮𝘁𝗶𝗼𝗻** → the bullish scenario from the weekend 𝟮. **𝗥𝗲𝘁𝗿𝗮𝗰𝗲𝗺𝗲𝗻𝘁** → trading the move into that bullish scenario For Trade 5, I am trading **Strategy 2**. 𝗘𝗻𝘁𝗿𝘆: **Equilibrium** And this area has strong confluence: → **Mitigation Block** → **Order Block** → **M15 FVG** All sitting around the same level. 𝗧𝗮𝗿𝗴𝗲𝘁: **The last bullish zone – the M15 Order Block.** You might ask: **Why not target the extreme discount area all the way down?** Because getting there would require a **high-liquidity run**. And there is a bullish **Order Block / Low-Hanging Fruit** in the way. Price can react from that area at any time. So for a **retracement trade**, I prefer to target the next logical area rather than assume price will continue all the way down. The larger bullish scenario remains intact. For now, I'm simply trading the retracement. **Let's see if the trade even triggers.** 😉 No prediction. No FOMO. Just follow the plan. --- ⚠️ 𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿 This post documents my personal trading plan and execution as part of a public trading challenge. It is **not financial advice, investment advice, or a recommendation to buy or sell any financial instrument**. Trading involves substantial risk, and past performance does not guarantee future results. 𝗗𝗼 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗮𝗻𝗱 𝗺𝗮𝗻𝗮𝗴𝗲 𝘆𝗼𝘂𝗿 𝗿𝗶𝘀𝗸.