Pair: AUD/USD
Condition
Structure: Day
Entry: 1Hr Time Frame
Bias: Short
Observation
On January 15th at 15:00 Hrs, I observed that we were at the end of an uptrend and in transition to the downside. Market contextual framework thought analysis - According to the Wyckoff method, I assume this event would be Phase E (Trending to the outside) playing out. The observation indicates a point of control of Sellers to the downside, proceeding Phase D (effort and result).
Entry Price: 0.66520
Mon 15 Jan 24
15.00pm
Target level: 0.62801
(361.3PIPS) = 5.43%
BOS (Break of Structure) Noticed end of uptrend and transition to the downside
Stop Loss: 0.66949
(42.7PIPS) = 0.64%
Set below above the trending range and optimized trading zone (OTZ) for confluence.
RR 8.46
https://www.tradingview.com/chart/oMF0sdyu/?symbol=BITGET%3AXTZUSDT.P&interval=1
Condition
Structure: Day
Entry: 1Hr Time Frame
Bias: Short
Observation
On January 15th at 15:00 Hrs, I observed that we were at the end of an uptrend and in transition to the downside. Market contextual framework thought analysis - According to the Wyckoff method, I assume this event would be Phase E (Trending to the outside) playing out. The observation indicates a point of control of Sellers to the downside, proceeding Phase D (effort and result).
Entry Price: 0.66520
Mon 15 Jan 24
15.00pm
Target level: 0.62801
(361.3PIPS) = 5.43%
BOS (Break of Structure) Noticed end of uptrend and transition to the downside
Stop Loss: 0.66949
(42.7PIPS) = 0.64%
Set below above the trending range and optimized trading zone (OTZ) for confluence.
RR 8.46
https://www.tradingview.com/chart/oMF0sdyu/?symbol=BITGET%3AXTZUSDT.P&interval=1
Note
Stop Loss: 0.66949(42.7PIPS) = 0.64%
Set above the trending range and optimized trading zone (OTZ) for confluence..
Note
14Th Feb 24
Demand Zone
0.64552 to 0.64412
Trade active
Target adjusted Demand Zone
0.64552 to 0.64412
Trade active
Trade closed manually
Closed trade 8th Mar 24
00.00am
Trade closed manually
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.
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.