We took a loss on GBP/USD long today. HTF was bullish, price swept London lows,and tapped into a 1H order block, and formed a 15M CISD + IFVG, with a clear draw on liquidity at the highs.
Price even reacted to the OTE of the displacement range, confirming the setup.
However, mid-trade, breaking news hit the market:
This unexpected macro catalyst flipped the dollar bullish, invalidating our setup.
These are the trades weโre willing to lose. We keep our head high.
Onto the next one!