Start your week with quick pips from EUR/AUD

EUR/AUD price has showed us that bulls are struggling to get pass this key resistance, just check the last 4H candle and the last candle which also bounced of the resistance a while ago. These are classic examples of pin bar candles. They are signaling us that price is loosing it's momentum and looking for reversal. We can see that there is a down trend in play as well. This is riskier trades than we usually take. We are only risking 20 pips on this trade putting our SL at 1.69000 and TP 1 is marked on the chart, whenever TP1 is hit move your SL to entry and close half of position ,to make this trade risk free.

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Good luck !

Trade active:

TP1 reached, closed half of positions and moved Stop Lose to entry.