GBPAUD short/sell (4R Probability)
Hello traders
Reason for trade:
1. Complete expanding flat (ABC)
2. Break of mono wave
3. Corrective/ slow movement upwards to close the FVG
4. C wave needed to complete the structure + LIQUIDITY at the bottom. (0.93135)
5. 4 HR Engulfing candle
6. MACD divergence in 15 minute and 4HR TF
7. Strategy: Wait for the FVG to be closed before a sell or
Look for a sell at 61.8% of the FIB levels or
Enter at ENGULFING candle downwards
Entry: 0.94600
Stop loss: 0.95059
Take Profit: 0.93135 (LIQUIDITY)
Reason for trade:
1. Complete expanding flat (ABC)
2. Break of mono wave
3. Corrective/ slow movement upwards to close the FVG
4. C wave needed to complete the structure + LIQUIDITY at the bottom. (0.93135)
5. 4 HR Engulfing candle
6. MACD divergence in 15 minute and 4HR TF
7. Strategy: Wait for the FVG to be closed before a sell or
Look for a sell at 61.8% of the FIB levels or
Enter at ENGULFING candle downwards
Entry: 0.94600
Stop loss: 0.95059
Take Profit: 0.93135 (LIQUIDITY)
Trade active
Gap has been mitigated and the fall has started. Trade active
Place the trade at BE or take 50% of the profits and let it run.Trade closed: target reached
Take profit HIT: 0.93135
Results 12-19.08.2024
2 wins, 1 loss, 1 break even
EURJPY: WIN
EURGBP: BREAKEVEN
GBPJPY: LOSS
GBPAUD: WIN
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