EURAUD SHORT IDEA RE-ENTRY
Previous ideas are for this trade are linked below check them out 1 : 10 R:R SILL ON GOING
Pair Name : EURAUD
Time Frame : 15 min
Scale Type : Large
price has broken structure to the downside on the 1 min and 5 min and is now trading at a 4hr resistance area and has had a false break above a previous 4hr high also grabbed the liquidity from Asia and now is continuing to the target point after mitigation of the released AUD news ( RBA INTREST RATE DECSION )
reason for trade
Imbalances present to be filled
a false break above a previous 4hr high
Price trading at 4hr resistance
grabbed the liquidity from Asia
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
Pair Name : EURAUD
Time Frame : 15 min
Scale Type : Large
price has broken structure to the downside on the 1 min and 5 min and is now trading at a 4hr resistance area and has had a false break above a previous 4hr high also grabbed the liquidity from Asia and now is continuing to the target point after mitigation of the released AUD news ( RBA INTREST RATE DECSION )
reason for trade
Imbalances present to be filled
a false break above a previous 4hr high
Price trading at 4hr resistance
grabbed the liquidity from Asia
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
Trade active
TP1 HITTrade closed: target reached
BOTH TP'S hit overall R:R 1:15 HOWEVER LOST 1R WHEN I TRIED TO SCALE IN ON MAY 3RD ( IDEA IS IN THE RELATED IDEAS SECTION)
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