Expecting a Pullback on EURAUD to 1.6135 level. reason behind this trade is because the 1.6135 level is in the 38%-78.6% Fibonacci level indicating a further downside to this pair to continue weekly downtrend to 1.5800 level.
Agree with the short position, but not now this TP area.
If you see their is a 38,2% on the 4H chart and the market has reacted their 3 times and also their is 200 MA support. Yes I agree with the short position at the level you pointed but I have my doubts regarding the TP..
But we will see, Markets are always a surprised environment.
wish you the best and good trading:):)
muzzie1
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can I ask why 1.58, Ive got possibly 1.592-1.596 as a target.
If you see their is a 38,2% on the 4H chart and the market has reacted their 3 times and also their is 200 MA support. Yes I agree with the short position at the level you pointed but I have my doubts regarding the TP..
But we will see, Markets are always a surprised environment.
wish you the best and good trading:):)