tavakoli

EURAUD Trade Plan

Long
FX:EURAUD   Euro / Australian Dollar
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2
Hello Traders
As you can see price was in an Up trend
Finally Res Zone broke and price went all the way up and then we see a pullback to test the zone to see does it act like a support zone or not?
If you switch to lower time frame like 15m you can see an trend line that is broken now .
my plan is just to wait for the price to come back down and test the line or zone to form a double bottom and then based on lower time frames enter buy trade.
Comment Below if you feel it does not make sense.
Trade active: +30 Pips Up for BE
Trade closed: target reached: first entry with 35 pips closed.

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