TradersLife
Short

Trend Continuation Trade - EURAUD - 60Min

FX:EURAUD   Euro Fx/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
TradersLife
6 months ago
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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