GBP/AUD Long Trade Idea 1:5 RRMarket broke structure and we are retesting it now. if we get bullish candle closures at this support we can enter a Long position with a great 1:5 risk to reward setup.
if the market does not close with bullish candles in this area and falls below then we will not enter the buys and we will wait for a good setup.
G-money
GBP/AUD Long Idea TradeMarket structure broke resistance now testing as support.
we respected this area on higher time frames multiple times and now on 15m we broke structure to potentially rally 100 pips to the next clear resistance area where the market has not tested.
great risk to reward setup. better confirmation would be if we respect the blue support zone.
GBP/AUD SHORT IDEAMarket structure showing us LL and LH created.
Broken support and came back retested made resistance structure.
higher time frames at major resistance and when we go down to lower time frame we break it down to the market flowing sells.
great risk to reward.
can take more sells if we break this trend line for London session.
GBP/AUD SHORT IDEA 1:5 RRMarket structure has been breaking down with LL and LH.
Market broken this trend line and we are retesting it just in time for London session. tested support area became resistance.
higher time frame we are at a supply area so when we break down to lower time frame we see a sell off.
Great risk to reward setup.
GBP/AUD Short IdeaHigher time frame market floating down\
lower time frame we can back up to create resistance at this area.
1h time frame is we stay below and create bearish candle it would confirm the sell.
best to wait for 15m 30m and 1h to create bearish form.
great risk to reward setup.
If we break above with bullish candles this would be invalid.
GBP/AUD TRADE IDEAVery important to wait for a clear break and retest of which direction the market is going to move.
this is the 30m timeframe. entrance would be at a 15m timeframe but we have to wait for a break of structure and retest.
patience is key here. no rush. trade can go either direction so we have to wait for a higher probability setup.
Most people are buying now due to the support line but i am waiting for a more clear entrance.
GBP/AUD SHORT TRADEAt a major resistance zone. supply area
great risk to reward setup.
i would wait for pre london session for a more clear reversal patter as we can still easily break above. entering now would present the best risk to reward setup. but the probablity is not as high as we can get later on before london session.
1:7 risk to reward
GBP/AUD Short Tradeat a resistance area.
supply area looking for shorts.
4h candle sticks can push down to 4h support area that was broken.
i would only risk maybe 1% on this trade as we are far from London session but the trade does look valid.
looking to buy again tonight if this pushes down to the TP level.