AUDUSD: Entry: There were multiple factors I was I was looking | 3rd Eye Trading

AUDUSD: Entry: There were multiple factors I was I was looking at for Longs on AUDUSD, firstly being we were trading at a HTF OB (Daily). Secondly we were trading within a MMBM, in sync with this we were at the re-accumulation stage; this was inline with equal lows present, and a breaker, so my thought being the Equal low's will be swept, a mitigation of the breaker would occur with the NY session and we will see higher pricing from there. We witness that happen, however we traded deeper than expected in the breaker and traded at the OB.

Stoploss: My stop placement on this was a bit tight, as it was 8.7 pips but NO losses were occurred on this as we delete this limit going into Asia due to the high impact news event that was going to commence that night during the Asia session. Next time our stoploss will be big enough so it covers both the (HTF reference point) and intra-day reference point (Daily OB)

Targets: I was targeting the 0.73402 figure to be met; this was my TP. We missed TP by 1 pip; the reasoning behind the target was a completion of the MMBM in sync with that, just above the original consolidation we had a LRLR + Buy stops/equal high present which I wanted to see a clean sweep of. In addition to this we had the big figure number 0.73000 which I wanted to see a clean 40 pip sweep.

https://www.tradingview.com/x/NP2kHlsP/