GBPAUD short/sell (4R Probability)Hello traders
Reason for trade:
1. Complete expanding flat (ABC)
2. Break of mono wave
3. Corrective/ slow movement upwards to close the FVG
4. C wave needed to complete the structure + LIQUIDITY at the bottom. (0.93135)
5. 4 HR Engulfing candle
6. MACD divergence in 15 minute and 4HR TF
7. Strategy: Wait for the FVG to be closed before a sell or
Look for a sell at 61.8% of the FIB levels or
Enter at ENGULFING candle downwards
Entry: 0.94600
Stop loss: 0.95059
Take Profit: 0.93135 (LIQUIDITY)