audusd 1 loss and 1 potential win
Yes so from my previous charts. I was still bullish on audusd due to previous 3hr demand being respected. Also noticed multiple liquidity grabs to the upside that needed to be taken out as well.
I placed my trade on what I thought was a demand zone but turned out to be liquidity as well. Underneath that laid, the true demand zone which is also labelled up as well.
If i had reacted on time around 8:00am than I would've been able to lock in SL around entry and waited for price to go long.
This move occurred during the USD CPI news at 1:30pm and I was looking for longs regardless of the news due to the forecast of CPI being lower than expected which gave me optimism that the USD will weaken and AUD break new highs.
I placed my trade on what I thought was a demand zone but turned out to be liquidity as well. Underneath that laid, the true demand zone which is also labelled up as well.
If i had reacted on time around 8:00am than I would've been able to lock in SL around entry and waited for price to go long.
This move occurred during the USD CPI news at 1:30pm and I was looking for longs regardless of the news due to the forecast of CPI being lower than expected which gave me optimism that the USD will weaken and AUD break new highs.
Comment:
I think from now on I will be incorporating news into my trading as well.