I'm anticipating short moves for GBPAUD but it depends on how price acts around the zone i have marked at the top. I would like for price to close within the zone, pull away, make a consolidation box, close below, retest and then give a big sell move that i'd usually look for.
On the other hand price could close above the zone, consolidate, break above and give buy moves. Price hasn't been this high since 2020 so the buy move take profit zones aren't as easy to spot.
I'm going to be patient and let price move some more before looking for solid moves to enter.
On the other hand price could close above the zone, consolidate, break above and give buy moves. Price hasn't been this high since 2020 so the buy move take profit zones aren't as easy to spot.
I'm going to be patient and let price move some more before looking for solid moves to enter.
Trade closed: stop reached:
GA ended up breaking above the zone, retesting and giving the buy move as i said it would if we got a break above.
I ended up catching 90 pips on the buy move but was away from my computer and could not publish the trade but i did catch a before and after on my phone.
I ended up catching 90 pips on the buy move but was away from my computer and could not publish the trade but i did catch a before and after on my phone.