Structure Exposed!

FX:EURAUD   Euro / Australian Dollar
Hi guys,
this is a simple structure trade: you can see price is coming back to retest the former resistance that once broken should turn into support. This is also lining up pretty well with a 618 retracement and a psychological number (1, 40 ). You can see also a pin bar just formed with OVERSOLD condition.
All those clues together make this trade a nobrainer.
If the current candle will reject again that level i think i'm going to buy.
Stops obviously below the pin, target1 and 2 with 382 and 618 retracement .
Always look left. Structure leave clues!

If you want to share your thoughts or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Trade active:
Trade closed: stop reached
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano:
Ultimo video:

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My last (english) videoanalysis here: