EUR/AUD has been ranging all last week and had now broken down below structure and closed below zone.
Price closed below zone of 1.61700 on the 4H EA and has now confirmed sells.
Upon seeing this I waited for a retracement to 6EMA at a sell limit and entry @1.61800 with sl@1.6213 risking 33pips.
TP1:1.61200 TP2:1.6105 TP3:1.60800 TP4: 1.60600
Trading during Holidays so will take time as also trading on 4H candles. Utilise proper Risk Management take partial profits at each TP. I will stick to my Rules and trading Plan.
Price closed below zone of 1.61700 on the 4H EA and has now confirmed sells.
Upon seeing this I waited for a retracement to 6EMA at a sell limit and entry @1.61800 with sl@1.6213 risking 33pips.
TP1:1.61200 TP2:1.6105 TP3:1.60800 TP4: 1.60600
Trading during Holidays so will take time as also trading on 4H candles. Utilise proper Risk Management take partial profits at each TP. I will stick to my Rules and trading Plan.