EURAUD SUPPLY ZONE REJECTION?!
Updated
**SIGNAL**
__Short EURAUD @ CMP (Current Market Price)__
**SL:** 1.5800 (50 Pips)
**TP 1:** 1.56180 (132 Pips)
**TP 2:** 1.55520 (198 Pips)
**3.96 R**
__Notes:__ Trade based off of Supply structure on the daily. Price hit 61.8% retracement from the highs of the year. Lower time frames are showing a reversal along with divergence on the RSI. Trade is taken on h4 closure rejecting the zone again. Targets are based off of structure and Fibonacci retracement confluences.
__Short EURAUD @ CMP (Current Market Price)__
**SL:** 1.5800 (50 Pips)
**TP 1:** 1.56180 (132 Pips)
**TP 2:** 1.55520 (198 Pips)
**3.96 R**
__Notes:__ Trade based off of Supply structure on the daily. Price hit 61.8% retracement from the highs of the year. Lower time frames are showing a reversal along with divergence on the RSI. Trade is taken on h4 closure rejecting the zone again. Targets are based off of structure and Fibonacci retracement confluences.
Trade closed: stop reached
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