EURAUD losing steam, retesting .236 area of the swing
Our previous idea was invalidated and we resort to our Plan B.
Market breaks the .236 area of the swing and is now retesting it. We will be placing our sell orders at the pullback.
Target is at .618 retracement.
This was our previous idea:
Market breaks the .236 area of the swing and is now retesting it. We will be placing our sell orders at the pullback.
Target is at .618 retracement.
This was our previous idea:
Trade active
Our trade was triggered on the same candle as we posted this idea.Hoping to hit the target. Stops should move close to break-even area.
Note
Market is re-testing our entry level.Note
Will market break the .236 area and will continue to go upward? If so, we will cut our losers short and we look back again to our previous idea:
Note
We are still on the trade. Yesteday, we are getting a lot of retests from our entry area. It seems the market is back on track after the global holiday.
Trade is doing good so far. Hoping this will continue and rearch our target profit.
Note
Market has reached our initial soft target profit (green line).Hard target profit is at 1.5910 area. Just about ~20 pips from now.
Trade closed: target reached
Congratulations to this trade! Bagged 124.5 pips from the market!Note
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