Really happy with this trade this morning. There was a clear liquidity run on the 30m chart following the spike after Gov. Bailey speech at 8.30am (GMT). As always with price action, I zoomed in on the 1m chart to find my area of interest. After the sweep was confirmed, market structure was broken and I sold on the retest. 0 drawdown, 3% taken.
Really happy with this. Clean price action on AU this morning. Tight 3 pip SL which had minimal draw down. Only risked 0.5% but took 9R meaning my profit was +4.5%. Wyckoff inspired with a retest of market structure on the 1 minute chart.
The news released this morning was a sign that the Sterling wants to go higher. With that being said, there was a fractal low sweep on the 30m chart. This is a sign of market manipulation, and with the stop loss of buys being taken is a sign that price wants to go higher. An area of interest has been highlighted by the grey box, and from there have waited for a...
Tricky trade this one as the 4hr chart was a bit messy this morning after a sudden drop last night. The 1hr flow was bullish, and liquidity was raided on both sides on London open. I took the long off the 5 minute area of interest and retest of the structure, following the 1hr fractal high raid. 11 pip stop loss, half of position taken at 2R as my rules state....
- 1 Hour Sweep of Fractal Highs - 5 minute LP shows price breaking market structure. - Price has sinced returned to origin and tagged me in for my sell limit. - Target 3R