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
G-money
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.
GBP/AUD Trade Idea 2/24/2024We have 2 trade ideas for the upcoming trading week
Short trade: broken trendline and retested with a bullish candlestick closing on the trendline with a following bearish candle stick closing.
next clear support area should get tapped which i boxed up.
great risk to reward setup
Buy trade: If we break above the boxed zone where it broken the trend line and retested then we will look for buys.
Great risk to reward as well as the market should pull up 100+ pips on both buys and shorts.
i am personally looking for this Short all the way down to the support line i have placed.
GBP/AUD Long Trade Idea 100+ PIPSThis is my idea for next weeks trading.
Higher time frame we are at a support area.
when we look into lower time frame price structure respected the support and is making its way to the upside with HH and HL.
great risk to reward setup on this trade once we come down to this 15 minute support area we can place a buy with 1:5 or higher risk to reward setup.