EURAUD 1 H Channel bounce short
I am watching the 5 m as it is in a pull back long waiting for my entry @ 1.4845. Pair has bounced off the top back into the channel and is heading toward the 50 sma and the 800 sma for a TP @ 1.4780. At 1.4805 I will take off 1/2 position and re-enter @1.4795. Macd has divergence to price and is falling to the 0 line.
Note
This Pair started to fall and then stopped and reversed. It did hit my stop loss @ 1.4890. If I was up and watching the pair I would have stopped out at -20 pips. That's enough to see that the timing was wrong.
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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.