I looked at this yesterday and shared it with the DT Academy students, I decided to share this with you all. After the break-in structure from the upside, liquidity was hunted lower and there is now a break in a market structure that makes it viable to enter the trade once our requirements are met.
Since liquidity has been cleared we wait for the price to go up, but we're actually riding it to the upside once it returns back to the 5 minutes order block. That will be a retracement we should take the trade from. The 5 minutes order block on this GBP/AUD is in line with the 79% Fib level so we wait for the price to give us what we want then we're definitely good to go.
Since liquidity has been cleared we wait for the price to go up, but we're actually riding it to the upside once it returns back to the 5 minutes order block. That will be a retracement we should take the trade from. The 5 minutes order block on this GBP/AUD is in line with the 79% Fib level so we wait for the price to give us what we want then we're definitely good to go.
