GBPAUD short/sell trade 1HR TF
Hello traders.
Looking at GBPAUD as a possible trade for the next 2-3 days:
1. B wave ( 3 complete wave in play)
2. Looking at the B wave breaking the top to align with MACD divergence and to close up the gap at 1.95465
3. MACD divergence in play
4. 15 min ORDER BLOCK 1.94060 AREA
5. Equal Highs (1.95378) [LIQUIDITY]
STRATEGY: * Wait for gap to close
* Enter at Engulfing candle (DOWNWARDS)
* Break of Mono wave and correction to 61.8% fib retracement
Entry: 1.95465 or slightly lower to cater for SPREADS
Stop loss: 1.95550
Take Profit: 1.94055
Looking at GBPAUD as a possible trade for the next 2-3 days:
1. B wave ( 3 complete wave in play)
2. Looking at the B wave breaking the top to align with MACD divergence and to close up the gap at 1.95465
3. MACD divergence in play
4. 15 min ORDER BLOCK 1.94060 AREA
5. Equal Highs (1.95378) [LIQUIDITY]
STRATEGY: * Wait for gap to close
* Enter at Engulfing candle (DOWNWARDS)
* Break of Mono wave and correction to 61.8% fib retracement
Entry: 1.95465 or slightly lower to cater for SPREADS
Stop loss: 1.95550
Take Profit: 1.94055
Trade active
Engulfing candle lets see how it goesTrade closed: target reached
We have HIT TAKE PROFIT!
Entered with Engulfing candle strategy!
Have a pleasant day
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