GBPAUD buyers are slowly entering the market

Price bounced from a significant daily level on 29th of September and is now on it's way higher. I'm looking at a range above that level as a gathering of buyers, waiting to burst out of almost a month long consolidation. I'm entering a buy at a support of the range, after market failed to make LL and H8 TF made a bullish engulfing. We might see price push back lower to the significant daily support again, which is why I limited my risk at the break of local support.

Yorum:

Added a 1st scale in on this trade after a BNR on the H1 TF of previous highs @1.91505.

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Lowered my SL 10 pips below 1.90 psychological area.

Yorum:

Removed SL here and will let the trade run. Will manage the trade after I see what it wants to do.

İşlem elle kapatılmış:

Took a loss... daily is in a bearish structure and I can't be bothered to hold on to a bad trade. Will look for other opportunities.