GBPAUD Potential Short
Updated
AUD extreme strength is keeping it base currency's (GBP) price action structure in sellers territorry. I have identified the present short term buying candles in the pullback phase as sufficents to induce more Retail buying as the high volume which occured recently can be interpreted as the footprint of the massive transactions which took place at that moment; probably all the biggest players eating up desperately all the little buy orders. And the Momentum of that Short term move which just faded along with all the previous arguments can make me label this setup as a high probability one.
My Limit Order will activate from this 30th December 2019 at 00:00 GMT and will expire on the 31th December at 06:00 Am GMT
My Limit Order will activate from this 30th December 2019 at 00:00 GMT and will expire on the 31th December at 06:00 Am GMT
Trade active
Entry Triggered Two hours post New york session opening after Demand 1 got used. I expect price to drop to Demand 2
Trade closed manually
Scratched out the trade at 06:00Am as planned in profits. The goal was to avoid Franckfurt and London Volatility to kick in. Which actually happened!
Happy New year
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