AUDUSD Long - Day Trading (02/010324)
4H
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Price is making a counter-trend.
Price is retracing back to Discount Level to continue CT.
15M
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Price made the Change of Character (CHoCH) and retracing back to Bull Point of Interest.
50% of POI is consumed, so safe to say price is going up to accompany 4H CT.
Trade Management
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0.5% Risk
1:3 Risk to Reward
4H
15M
---
Price is making a counter-trend.
Price is retracing back to Discount Level to continue CT.
15M
---
Price made the Change of Character (CHoCH) and retracing back to Bull Point of Interest.
50% of POI is consumed, so safe to say price is going up to accompany 4H CT.
Trade Management
---
0.5% Risk
1:3 Risk to Reward
4H
15M
Trade closed manually:
Trade closed at 1.5 R on Monday.