@nasbs94, presently both EurAud and GbpAud are going down in our favour even though Eur Usd almost reached 1.24. So I think EurAud will keep going down as Aud goes up against Usd and has potential to go up, see also Nzd starting also to go up and kiwi and aussie usually move in the same direction. So don t worry :)
@nasbs94, no problem. 1.58200 will be 38% retracement, from there either goes up again or it continues to go down to 61% retracement whic is 1.57500. Well watch reaction of price on 1.58200. And one more observation: when a breakout occurs during Asian session, the price will retest the line during European session and viceversa. It is good to consider this when entering a position, don t use a big size
No problem, just set it on your charts and see how price bounce up from it during uptrends and it bounce down from it during downtrends. My target for EurAud should be 61.8% retracement from the top, which is app 1.57500.
@Rick_69ro, 61.8 looks like a good place to TP . Plus , looking left we can see lot of structure playing in that area . Ill be sure to take some profit around tht area . But my Original TP is around 1.565 area