1️⃣ Sells got invalidated, structure shifted bullish (CHOCH) 2️⃣ Price broke structure higher (BOS) 3️⃣ Now I want to see price break above the recent high 4️⃣ That break uses the previous low as liquidity, sweeping down into a demand zone before buying
why I don't just stay biased on the sell after taking losses on it. Simple — the market invalidated the idea. Structure shifted, and staying stubborn on a sell here would be fighting the tape.
📍 Entry: 1.91099 🛑 SL: 1.90874 🎯 TP: 1.91781
Read what price is telling you, not what you wanted it to do.
Not entering GBPAUD yet. Waiting specifically for price to break above the current high — that's what sets up the liquidity sweep into the previous low before I look to buy from demand.
Why I want price to break higher before buying from a lower demand zone is because that break is what creates the liquidity below — the previous low. Price often comes back to sweep that liquidity before continuing up. That sweep is exactly where I want my buy.
Price needs to break the recent high first before I'm looking to buy the retrace into demand. If it doesn't break higher and just reverses from here instead, do you:
A) Scrap the idea entirely and wait for a fresh read B) Look for a buy anyway if demand still holds C) Stay flat and watch
Two losses on GBPAUD sells this cycle, and instead of forcing a third, I'm following the structure shift and waiting patiently for confirmation on the buy side.
📍 Entry: 1.91099 🛑 SL: 1.90874 🎯 TP: 1.91781
Adapting to what price shows you is harder than it sounds, but it's the whole job.
Alright. I'm expecting price reaction at the 1.9168, forming a double top. But while price is bound to the intraday bullish channel, I'm bullish on GBPAUD.
