GBPAUD Retest Analysis - March 19th, 2020

A friend said "I don't understand WHY it works like this and why some of my trades don't work. I don't know why price wants to retest some areas or form certain structures," in reference to why price moves the way that it does. I chose to do an analysis for him on GBPAUD because another member in our discord group had asked for management suggestions on their open trade. This was drawn up last Friday on March 19th, but you can still see how repeating a similar style into today's trading day could have helped create another entry. Obviously this doesn't explain why every pattern is developed in the way that it is or overall why price moves in the direction it does, this was just a helpful tip.

Comment:

2021* not 2020, what an embarrassment.