GBPAUD - TRADE SET UP, BOUNCE OFF OF 15/8/23 DEMAND AREA

29 Ağu 2023

Traders, please see most recent published GA set up for detailed explanation.

30 Ağu 2023

İşlem elle kapatılmış

Traders, remember this, the market giveth and the market taketh.
Nobody ever went broke taking profits.
My BUY LIMIT at 1.9500 didn't trigger and i entered two positions manually at 1.9503 and 1.9507 at approximately 01:15 Asian session.
The market hit 1.9588(+85 pips) and began to sell off.
My bias was to the upside but price action is telling a different story.
Be ready to adapt to any situation.
Be water, be fluid, be flexible, do not have bias, read the price action story.

30 Ağu 2023

İşlem aktif

Entered BUY at 1.9489 with small stop loss after LIQUIDITY SWEEP. This is risky as the was a break of support and can easily retest and drop. Watching how the 07:00 candle reacts.

30 Ağu 2023

Not

+16 pips but 07:00 candle struggling to break 1.9525.
One trade brought to break-even, the other has an 11 pip stop.
Taking small pips when going against trend is recommended.

30 Ağu 2023

İşlem aktif

30 Ağu 2023

Not

TP 1 Hit, 65 pips (1.9555)
TP 2 - 1.9585
TP 3 - 1.9615

30 Ağu 2023

İşlem elle kapatılmış

Closed all positions +73 pips(1.9563)
Probably going higher(liquidity sweep above 1.9635), however caution with the buys as we are still in a downtrend.