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FIRST TRADE OF 2022

GBPAUD - 350PIPS - 1:17RR

HTF - MONTHLY

I started my analysis on MONTHLY. Here I was only looking to have a look at what the
external structure/HTF trend was like so that when I dropped down to the LTFs I would
notice whether the external and internal structure matched. The monthly was clearly bullish

HTF - DAILY

After I had taken a look at the monthly TF, I then dropped into the DAILY TF to see if the
market was respecting the external structure. I then noticed that the DAILY was also
bullish. The second thing to look at after the trend was to see whether the market was
overbought or oversold. You can use either the RSI or use pure price action to see if
the market is within a range or has broken outside of DAILY highs. I could tell that the
market was not overbought just yet because the market had not broken out of the daily
swing high the market had printed. I then decided that I was going to be wanting to buy
this market and continue the trend until the market had taken the daily swing highs.
SUMMARY: The DAILY TF analysis made me decide that I was going to be buying this
market and that I was going to TP at the DAILY SWING HIGH

LTF - 4H TF

After I had seen the market was bullish on both the DAILY and MONTHLY, I dropped to the
4h TF to see if there were any valid areas of demand that I could then enter from or find LTF
confirmation from. I didn't find any valid areas that I hadn't already mitigated. This was then
the signal for me to drop to the LTF again to find an entry.

LTF - 30MIN TF - ENTRY TF + SL

I found a lovely area of 30 min demand that I wanted to enter from. It was perfectly valid
because it had broken structure above a high in the market and had shown a volume
increase in the form of an engulfing candle. I liked this area, especially because the market
had taken liquidity on the LTF again. I then set limits with the correct risk management and
waited for my limit to trigger.
 RESULTS

The market tapped reacted off of our 30MIN area of demand perfectly and pushed up from
that point all the way until hit TP at our daily swing high.
After the market hit TP at the daily swing high it began to correct itself and push to the
downside. So SNIPER ENTRY + SNIPER EXIT.