Hey guys,
Currently watching EUR/AUD which tested a demand level on June 7.
I will looking to sell the breakout of this triangle pattern and will target the next fresh demand zone around 1.56500-1.56600 levels.
The RR ratio for this trade is around 1.7
Trade with care
Best,
Jesse
Currently watching EUR/AUD which tested a demand level on June 7.
I will looking to sell the breakout of this triangle pattern and will target the next fresh demand zone around 1.56500-1.56600 levels.
The RR ratio for this trade is around 1.7
Trade with care
Best,
Jesse
Note
T1 (which has already been tested) could hold for a while (which I don't want). If price breaks this level with a bearish candle I will target T2 (blue line).
Otherwise will exit @ T1
Trade closed: target reached
Took my profits @ T1
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Related publications
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.