TradersLife
Short

Trend Continuation Trade - EURAUD - 60Min

FX:EURAUD   Euro / Australian Dollar
31 1 1
This just looked like a good setup.
We have a break to the down side followed by the retracement back up into previous consolidation.
Looking back the market has already shown a strong reaction at these levels so I'm expecting price to push back down and retest the lows at 1.52650.
Anyway with a R/R Ratio of 1.74, I only have to be right 50% of the time and I will still profit from these setups...

Happy Trading
Unfortunately price action moved higher over night and my stops were taken out, oh well that's trading, bring on the next opertunity...

Always Happy Trading....
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