Trade 8 and 9 GbpAud
Trade 8 turns out to be a nice one...but I had to wait for entry as it was
hovering around the TFC and switching timeframes from red to green and back..
The stripy green line at the top is the previous day high (PDH)
and the RED stripy line at the bottom was the PDL (low)
The stripy purple line just below that was the previous week low (PWL)
Since (in the morning - my time- ) the opening of the day just peaked above the PDL
I did suspect a retracement.
Later in the afternoon I did see a drop, but again, not in conjunction with my TFC.
I waited (patiently ) for the price to break the Days opening,...and then got in when H/D turned red..
My thought process was since the weekly is still an inside bar it might test the lows again...so lets see
Partials taken at the dotted green lines
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.