GBP/AUD 11/8/22 ASIAN SESSION
GBP/AUD Short idea
Many confluences in this area - hovering just above 1.7750 psych level, short term bullish structure was broken with level outlined, retracement of 70% sweet spot level, fair value gap filled, trend line (don't normally like using but can be used as another confirm)
Asian session entry
Stop loss above first touch of trend line high by 3-5 pips
TP 1 + 2 at Fib ext lvls
Many confluences in this area - hovering just above 1.7750 psych level, short term bullish structure was broken with level outlined, retracement of 70% sweet spot level, fair value gap filled, trend line (don't normally like using but can be used as another confirm)
Asian session entry
Stop loss above first touch of trend line high by 3-5 pips
TP 1 + 2 at Fib ext lvls
Trade closed manually:
Currently sitting at roughly 120 pips in profit from the 70% retracement level, happy with closing 90% and letting remaining run to -27 fib ext
Currently 9:15am EST, nice overnight trade!
Done for the day
Currently 9:15am EST, nice overnight trade!
Done for the day
10:10am EST