GBP/AUD Long Trade Setup
GBP/AUD – 9.20.23
Quick overview our current setup:
In our current HTF uptrend, we have just mitigated a HTF demand zone. On the lower time frame, we formed a double bottom and are approaching a minor CHoCH. Once this CHoCH breaks, we will look to enter a long position on a mitigation of our LTF demand zone. This will get us in the trade for a potential BOS.
- This would yield us a roughly 1.97 R:R on our TP1
- This would yield us a roughly 8.88 R:R on our TP2 (LTF Supply zone)
Confluence:
1. HTF uptrend
2. LTF demand zone mitigation
3. LTF double bottom
4. Approaching LTF CHoCH
5. MACD Bullish Divergence
Happy Trading!
Quick overview our current setup:
In our current HTF uptrend, we have just mitigated a HTF demand zone. On the lower time frame, we formed a double bottom and are approaching a minor CHoCH. Once this CHoCH breaks, we will look to enter a long position on a mitigation of our LTF demand zone. This will get us in the trade for a potential BOS.
- This would yield us a roughly 1.97 R:R on our TP1
- This would yield us a roughly 8.88 R:R on our TP2 (LTF Supply zone)
Confluence:
1. HTF uptrend
2. LTF demand zone mitigation
3. LTF double bottom
4. Approaching LTF CHoCH
5. MACD Bullish Divergence
Happy Trading!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.