In this trade I’m revising GBPAUD if this trade that triggers fails at SL on the Long it means it has broken structure where the Purple Magic Wand Arrow.
Therefore we look back above at the nearest supply zone on its reversal to then hit the continuation down trend and hit the lower Demand area giving us a very nice R:R of 1 to 5+
Taking back that potential SL hit if this trade reverses from initial long entry.
If this happens it would mean the whole of the Fire Block contract would of been mitigated taking us to a whole new zone to work with