GBP/AUD Analysis

This my current view on GBP/AUD

I Took a loss on this trade GBAUD.

WHY ?

The major reason for this loss was early entry.

After my loss I sat back to see why I Took the loss.

Reasons:

1.) I neglected the first MSS that was created by the 1hr ORDER BLOCK.

2.) The ORDER BLOCK I use as my first reaction zone was suppose to be my liquidity.

3.) when the 1st and 2nd Analysis is wrong then your POI is wrong.

However correcting these major mistakes these should have been the proper analysis.

Hi, sorry I dont understand what you are saying. You can make it clearer by marking out where exactly you entered and where you exited on a 5 minute chart. From the chart I cant tell if you took a long or short trade

Here is the detailed breakdown of the GBPAUD chart on the 1hr timeframe

But from this chart, your SL has not been hit. Price has not yet gotten to your stop loss.

It did on my first analysis.

This one is a correction to the mistake I made that cost me the initial loss

So, this is a new trade?

This is a new trade