AUDUSD Trade Review 2/20

Risk: -1%
Return: +6.48%

Macro: h4 Lq poi (Sweep, mitigation, bos)
Micro: m15 entry

AUDUSD provided a great sell opportunity. The Macro POI was taken on the h4 timeframe. We can see a sweep of liquidity above the previous wick, mitigation of buy to sell wicks (marked in pink), then we can see a break of market structure to the downside giving allowing the POI to be “strong”.

We also see inducement in the form of a swing high (marked in green) allowing price to have a reason to trade back into the H4 Lq poi.

Macro Poi and mark up: https://www.tradingview.com/x/7qjFXcn6/

Once price trades into this H4 Macro Liquidity Poi (LQ POI), we then look for a confirmation entry on our Micro timeframe (m15 in this case, using time frame correlation rules)

Our entry takes place once we see an m15 sweep of liquidity, Change of character, and supply and demand flip shown here:

https://www.tradingview.com/x/BWXZyxRj/

SL: 14.5 pips (taken from micro m15 entry)
TP: 94 pips (taken from macro h4 weak low)