GBPAUD - TRADE SET UP - 30M CHART, 02:15 - Mon.11th Sept.
Traders, price boxed in ready to trade either way. Expecting a sweep of liquidity lower and if support holds price will test supply areas above. A break of support/retest, price will continue to head lower.
DIONNG
DIONNG
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4 HOUR CHART - THE BIGGER PICTURE
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Traders, GA broken support during Asia session opening up demand areas at 1.9400 and 1.9325. Any bounce leading into London open may be short-lived.
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Traders, looking for a convincing COS to enter a BUY on a pullback targeting upper supply/liquidity area. Caution, we are still in a downtrend.
DIONNG
DIONNG
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Traders, from 08:00 London we had consolidation in a 30-35 pip range. If you caught 20-30 pips you are doing well. At 08:30 price started to go higher. There was a BOS on the 15 minute chart and i entered a BUY at 61% Fib. level. Price stalled at 1.9587 and came back 78% where i entered another BUY. Frustrating but happy taking small pips in this market. Incidentally, the second pullback happened at 11:15(06:15 NY) and price pushed higher at 13:00(NY open).
DIONNG
DIONNG