GBPAUD to mitigate before going higher?

31 May 2021

As you may know, an easy setup I trade involves price breaking previous levels which is the Intent to go higher (in this case). However, such a move is not sustainable before clearing out open short positions in order to go higher in profit. Therefore, price should return to the zone indicated before going higher. A risk entry would be at the zone indicated however I recommend waiting for a reversal on LTF to avoid liquidity grabs. GL

1 Haz 2021

Not

After clearing some orders, price is rushing lower to fill the imbalance in the market. Waiting.

1 Haz 2021

Not

Nicely filled if you took the risk entry! From this point onwards would be good to monitor the trade as this trading week is expected to be particularly volatile. Always take partials. GL

3 Haz 2021

Not

UPDATE: As you can see boys & girls, all going to plan (unless you took the risk entry lol, price is unstoppable to reach the target!

3 Haz 2021

Not

TP smashed! So happy about this one, I love GA