Previous ideas are for this trade are linked below check them out 1 : 10 R:R SILL ON GOING
Pair Name : EURAUD
Time Frame : 15 min
Scale Type : Large
price has broken structure to the downside on the 1 min and 5 min and is now trading at a 4hr resistance area and has had a false break above a previous 4hr high also grabbed the liquidity from Asia and now is continuing to the target point after mitigation of the released AUD news ( RBA INTREST RATE DECSION )
reason for trade
Imbalances present to be filled
a false break above a previous 4hr high
Price trading at 4hr resistance
grabbed the liquidity from Asia
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
Pair Name : EURAUD
Time Frame : 15 min
Scale Type : Large
price has broken structure to the downside on the 1 min and 5 min and is now trading at a 4hr resistance area and has had a false break above a previous 4hr high also grabbed the liquidity from Asia and now is continuing to the target point after mitigation of the released AUD news ( RBA INTREST RATE DECSION )
reason for trade
Imbalances present to be filled
a false break above a previous 4hr high
Price trading at 4hr resistance
grabbed the liquidity from Asia
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
Trade active
TP1 HITTrade closed: target reached
BOTH TP'S hit overall R:R 1:15 HOWEVER LOST 1R WHEN I TRIED TO SCALE IN ON MAY 3RD ( IDEA IS IN THE RELATED IDEAS SECTION)
Related publications
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.
Related publications
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.