Buying AU Following HTF bullish trend Long

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jun 8, 2023 12:13 PM

We saw a trend change on HTF and daily supply failed, so we wanted more confirmation to switch to buys, and its always visible on HTF

4H

as we see, a big up move and we are yet to mitigate HTF supply, so we for sure not looking to take shorts for now

15m

now as we seeing price struggle to go lower and take out the lows and only seeing HH and HL its time to read whats on LTF

5m

everything is mitigated on 5m, so no need for price to go lower (unless it needs more liquidity, or we see major news out)

1m entry

as we see, price is inducing sellers on that HTF weak supply, initiating mini supply chain on 1m JUST TO BUILD LIQUIDITY and then SWEEP IT

will update it as it moves.. lets see

Trade closed: target reached

⋅ Jun 9, 2023 2:11 PM

TP hit! for 15r no partials
its so hard not to take partials but luckily price didn't retrace back and push me to close some, it just shot up haha