AUDUSD Long - Day Trading (02/010324)
4H
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Price is making a counter-trend.
Price is retracing back to Discount Level to continue CT.
15M
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Price made the Change of Character (CHoCH) and retracing back to Bull Point of Interest.
50% of POI is consumed, so safe to say price is going up to accompany 4H CT.
Trade Management
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0.5% Risk
1:3 Risk to Reward
4H
15M
---
Price is making a counter-trend.
Price is retracing back to Discount Level to continue CT.
15M
---
Price made the Change of Character (CHoCH) and retracing back to Bull Point of Interest.
50% of POI is consumed, so safe to say price is going up to accompany 4H CT.
Trade Management
---
0.5% Risk
1:3 Risk to Reward
4H
15M
Trade closed manually
Trade closed at 1.5 R on Monday.
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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.