AUDUSD Bullish for little bit longer
Market has tapped into my buy limit perfectly. Limit was set off the ST-b which initially broke 3 points of structural highs. Found the most volumest candle which was off the 9m time frame and set my buy limit off 80% of this particular candle. This is where institutions sold to buy up therefore coming back to mitigate the last of the sell orders before taking this higher in towards the distribution schematic higher. Market has sweeped Asian liquidity like I anticipated and have also filled some imbalance I spotted. SL is set below the extreme low of the candle. Only risking .5% of my account for a 42:1 R&R. Running this up towards the next distribution schematic from the 7th of September.