GBPAUD SELL LIMIT SETUP
After creating a higher high and sweeped the trend liquidity the market left a POI at 77064 (78.60 fibs level). Waited for the retrace and placed a sell limit 7706. 46 pips in profit 0 drawdown
Trade closed manually
Closed 65 pips in profit because price action was showing that gbp is not ready yet to make the free fall.Waiting for more price action to reenter near same entry, maybe asian will show us some more price action.
Trade active
Entered for the second time , it was kinda risky but i felt confident with this setup.20 pips+ moved Sl to entry, now as a risk free trader i am waiting for tp2 to get hit.
Trade closed: stop reached
Second entry gave me 26 pips before hitting breakeven.
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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.