Trade Recap: AUDUSD - LONG, 17/10/2024
AU Bias Analysis: Price mitigated a 1W FVG and was deeply discounted on the 1D timeframe and although still trading in a counter-trend on the 4H, we saw a displacement higher which formed a 4H bullish order block and established a 1H bullish range. Price protracted lower into EPD and the 1H FVG where I waited for entry confirmation and executed.
Grade: Valid
What I did well or could've done better:
- Executed before market close out of a little bit of FOMO as I was waiting for a meeting to begin. I should've Waited for the 15M candle to close before executing the position.
- Regardless of not having a strong conviction in the trade, I executed a position which fit the plan but wasn't picture perfect.
- Managed my positions well and closed manually once phase 1 target was achieved.
Grade: Valid
What I did well or could've done better:
- Executed before market close out of a little bit of FOMO as I was waiting for a meeting to begin. I should've Waited for the 15M candle to close before executing the position.
- Regardless of not having a strong conviction in the trade, I executed a position which fit the plan but wasn't picture perfect.
- Managed my positions well and closed manually once phase 1 target was achieved.
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