EUR/AUD: Selling the breakout!
Updated
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
Comment
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 @ T1Related publications
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