AU looking good to hit the TARGET!
Today was one of these days where I woke up late. However, didn't beat myself up for missing a few setups and waited patiently. After scanning through some USD pairs and fundamental information, I could see that at the moment I was looking at AU for a potential entry, USD was weak AF.
Then looking at the 4H structure I could see that the bias was definitely bullish.
1H: saw a perfect brake and retest, after seeing that 1H candle closing on the B/R area, I went down to the 5min to see how price is reacting to some levels and wicks (RED LINES REPRESENT 5 min levels - I can't really show 5min tf through the analysis feature). Saw that price was holding a level that was formed by a 1H candle wick, set my buy stop confidently and went for it ... whatever happens, it is what it is!
Will keep you guys updated.
Then looking at the 4H structure I could see that the bias was definitely bullish.
1H: saw a perfect brake and retest, after seeing that 1H candle closing on the B/R area, I went down to the 5min to see how price is reacting to some levels and wicks (RED LINES REPRESENT 5 min levels - I can't really show 5min tf through the analysis feature). Saw that price was holding a level that was formed by a 1H candle wick, set my buy stop confidently and went for it ... whatever happens, it is what it is!
Will keep you guys updated.
Trade closed: target reached:
TP hit :D done for the day.