I have been waiting for EURAUD pair to close below R 1 on hourly chart. Now it has done so in a bearish trend. Before that it bounced down successfully from S 1. This is a SELL call from my side. My entry is just below R 1 and my stop loss is just above S 1. I am leaving the target open.
Comment:
Trailed stop loss to 1.54500 between R 1 and R 2.
Comment:
Trailing stop loss just above R 3 which broken now and should act as support.
1.54280
1.54280
Comment:
Trailing stop loss hit with a profit of about $ 250.
Comment:
Entered trade again in EURAUD with a SELL at 1.55059. Stop loss placed at 1.55850.