𝗚𝗕𝗣/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.

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⚠️ 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.