EURAUD short idea.
Updated
Low time frame consolidation is attempting to break to the downside. Looking at the potential right shoulder formation of a h4 H&S. Targeting known support and an area of intraday liquidity / previous established support that created an impulse (partial profit levels). I got in on wick highs of consolidation.
Note
Partials taken at TP 1 (first projection range), risk free and letting the rest (40%) slideNote
60% taken at 164 pips 40% remaining, floating around 200-300 pip range. Watching this range resistance for the next decision.Note
The trade idea has hit 425 pips so far, you would have had to reenter on the retest of daily resistance
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