AUDUSD:
Entry @ 0.69679
Second entry @0.69508 (sell stop)
SL @ 0.69912
TP1 @ 0.67814.
Following downtrend on W1 and found support at .382 suggesting market will retrace to .71 entry as measured moves are an exact fit. Fib timezone places entry around 14:00 on 26/06 and TP will hit around 02:00 on 05/07 so trade will be held for around 10 days. Entry at .71 suggests risk reward ratio of 8 and entry at .618 suggests risk reward ratio of 4.2, respective totals of 187 pips and 169 pips!
Entry @ 0.69679
Second entry @0.69508 (sell stop)
SL @ 0.69912
TP1 @ 0.67814.
Following downtrend on W1 and found support at .382 suggesting market will retrace to .71 entry as measured moves are an exact fit. Fib timezone places entry around 14:00 on 26/06 and TP will hit around 02:00 on 05/07 so trade will be held for around 10 days. Entry at .71 suggests risk reward ratio of 8 and entry at .618 suggests risk reward ratio of 4.2, respective totals of 187 pips and 169 pips!
Comment:
Last candle at 18:00 on 23/06.
Comment:
.618 position opened sell limit executed!
Comment:
We will be looking to take SL to break even after market touches .382 level!