GBPAUD MMM trade

31 дек. 2018 г.

This has probably been my best trade & easiest profiting trade ever lol. Normally i dont trade GA a lot but the past week its been gaining my love. let me explain why first! we see the market continue movement to the downside session opening, but i learned that the false move comes in the beginning & end of the session. so i sat on my hands & waited for the set up to occur which i knew would be around London time. if you look at the 1 hr time frame you can see that i have a pink trend line , this zone was key to my eye so i placed it there but i didn't expect it to play so well with the line, we then got a sloppy W formation but when they made the second leg for the W they extended the low just a few pips & made a railroad. we then see this pair literally fly after it made the railroad & completed second leg W. i only took this trade for 50 pips because thats my daily goal but wow didn't think it would hit 200 pips! i love set ups like this cus they're so simple for me to spot out & very profitable at the end of the day. one key thing to notice is that this set up was formed below the 200 EMA which is a technical short! but we see market makers trap moves & trade align.