Money
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.
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.