Saw a small WR on h4.
On d1 price has closed above 3 weeks high.
Granted entry might not be the best as I got long at the top , and price is having some dip now.
Wr3B has been done , with support from recent d1 box high.
Traded this as 1) pip risk is small.
2) Looking to play on AUD strength as well as AUDUSD also completed a 4 day bear trap.
Looking to see if JPY can give the boost to move furthur up.
However, some immediate threats are presented. Some bears still looking to short though.
A trade checklist
on the checklist, it was horrors as this trade was not supposed to be a top class trade.
1)this is a range trade, but low WRMB pip risk was the main attraction.
2)At least a day expansion will be better to confirm things.
3) pip risk reduced should come with same lot size, not stack even more lots just to risk as much $$.