087

Type

Live

Date

July 19, 2022

Pair

euraud

TP1

TP2

-0.2

Concepts

#channel#Flipzone#trendline#Liquidity

TRADE RESULT

2R TP1 reached but not the full breakout as we hoped.

BIAS & PAZ

#channel #liquidity

SETUP

#RP09

NOTES

Price slowly corrected lower and was trading and the lower end of the channel. It took liquidity, consolidated and made the bullish impulse, to create our #flipzone for a trade setup. We had 2 targets on this one. The top of the channel trendline was TP1. TP2 was in anticipation of the market breaker higher after the correction. This did not happen and is a good example of having 2 TPs incase the market does not swing as anticipated. We still manage to make a decent profit on this one.