UnknownUnicorn772665

EURAUD Long Trade *TRENDLINE BREAK & FIBONACCI LEVEL*

Long
FX:EURAUD   Euro / Australian Dollar
Simple trendline break and retest trade set up.

The trendline is more accurate on the 1hr timeframe but its easier to see and enter on the 4hr.

Trendline broken.
4hr rejection of Fib 0.618
Rejection of broken TL

Targeting the Fib 1.618 extension level first.
2nd Target is 1.60600 resistance zone .
Trade active
Comment: Stopped at breakeven
Trade closed manually