GBP/AUD 15M - As you can see price has played out perfectly we have seen price trade up and into the Supply Zone I gave out above on the open of last night, trading and rejecting perfectly from the area of interest.
After you look at prior analysis I shared with you all before the open yesterday you will know that we were looking to go short in this market from the Supply Zone above based on a penetration and rejection of the Zone.
As you guys may know we would place our Stop Loss above the zone to protect our trade from triggering our SL and the TP would be set just above the previous higher timeframe swing low, this guarantees our take profit can be achieved.
This trade here was a 1:38 RR trade which is amazing! Risking just 1% could have generated us with 38% returns, over a third of our equity in one position, anyone who jumped onboard from prior analysis well done!
After you look at prior analysis I shared with you all before the open yesterday you will know that we were looking to go short in this market from the Supply Zone above based on a penetration and rejection of the Zone.
As you guys may know we would place our Stop Loss above the zone to protect our trade from triggering our SL and the TP would be set just above the previous higher timeframe swing low, this guarantees our take profit can be achieved.
This trade here was a 1:38 RR trade which is amazing! Risking just 1% could have generated us with 38% returns, over a third of our equity in one position, anyone who jumped onboard from prior analysis well done!
