EURAUD Timeframe: H4
Direction: Short
Cofluences:
- Triple Top Resistance
- H4 Short Term Trendline Broken
- Crossover of 8EMA and 50EMA
Trade Suggestion:
Entry @ 1.6220
SL: 1.6375
TP1: 1.6013
TP 2:1.5886
Risk : -152 pips
Reward: +334 pips
Risk/Reward: 1:2.20
May the pips move in our favour! Good luck! :D
Note
Price tested the Trendline again and bounced off.. Clean break off the Trendline.. Moving towards our TP levels. :)Trade active
Note
Move SL to 1.62 levels, at least to Breakeven levels. Be prepared to lock in some profits as it closes in on TP 1 levels.Trade closed: target reached
Target reached. Hope you all managed to catch this nice move. :D
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer
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.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer
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.