GBP AUD Short based on Market Maker Method.
Updated
GBP AUD Short based on Market Maker Method.
For the completion of the 'M', we need a a correction downwards.
Previous High is reached.
Mid-week reversal (Wednesday).
For the completion of the 'M', we need a a correction downwards.
Previous High is reached.
Mid-week reversal (Wednesday).
Trade closed: target reached
Hadn't checked on this for a while. It did what I had expected it to but due to my lack of experience with this type of analysis previously, I was thinking too short term and thought it wouldn't break the top line much. Now some time has passed and I can honestly say that's only to be expected. I'd consider this set up successful as it still followed the M pattern and ended up on the trend line.I personally hit my SL on this trade, should have used a higher time frame and longer term thinking.
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