I have been waiting for EURAUD pair to close below R 1 on hourly chart. Now it has done so in a bearish trend. Before that it bounced down successfully from S 1. This is a SELL call from my side. My entry is just below R 1 and my stop loss is just above S 1. I am leaving the target open.
Note
Trailed stop loss to 1.54500 between R 1 and R 2.
Note
Trailing stop loss just above R 3 which broken now and should act as support. 1.54280
Note
Trailing stop loss hit with a profit of about $ 250.
Note
Entered trade again in EURAUD with a SELL at 1.55059. Stop loss placed at 1.55850.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.