Forexforbeginners

EURAUD - A current trade - DO NOT ENTER

Long
FX:EURAUD   Euro / Australian Dollar
EURAUD here. Just showing you another example of my trading.

This position I am currently in and held over the weekend. I closed out most of my position on Friday evening and left a little partial to run to see if it reaches the final target. As you can see, my entry on this was a little premature off the 50% fib where as looking back I should have waited for price to reach the 61.80% as there is more confluence from previous price action.

Nevertheless the trade has gone to plan and now we just wait and see how it continues to play out!
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