2015.04.30 18:26 EURAUD 5min PUT

FX:EURAUD   Euro / Australian Dollar
This one is a bit risky. I got in because the big red candle at 18:25 passed the lowest point of the indecison candle next to it and it broke the fibo 0.618. Before that, price was struggling between fibo 1.0 and 0.618, which was just like what it did from around 17:15 to 17:45. Actually the price reversed from fibo 1.0 but just to confirm the trend, I waited it to break 0.618.

After my entry, 18:26 ended up as an indecision candle and a green candle appeared. I was a bit worried but then the green candle didn't closed above 0.618 level. That means the bullish power is not strong enough to bit the bearish power.


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