Pull Back to Trend Line

FX:EURAUD   Euro / Australian Dollar
277 2 1
PA is bouncing off the .618, I expect PA to test the trend line before heading back down.

This trade offers low risk, with a high reward.

Place stop below the .618 w/ a target around the most resent high (1.54850)
I can see the low risk and high reward, however, a target
of 1.5485 seems a lofty goal. Perhaps a more probably
target - for at least half off - would be a retest of the reasonably
harmonic Head and Shoulders neckline around 1.5050/80 area.
Wishing you lots of pips in 2014 !!!!!
matt_forex dojitrader
I'm going to keep that in mind as the trade plays out. I might remove half of my position at the neckline, and let the rest run. Thank you for the comment. Good Luck to you as well. Lets see how this plays out.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out