digitaltradingfx
Short

Opportuinity to renter the EURAUD and AUDUSD frenzy #forex

FX:EURAUD   Euro Fx/Australian Dollar
36 0 2
AUDUSD             and EURAUD             made sudden retracements today after massive drops owing to the employment change. On this one hour chart I have drawn some hidden trendlines that meet up at a point to form confluence with the 161.8 fibonnaci extension. This is a good point for the retracement to stop and the current downtrend to continue in its direction. SImple but effective trade strategy. I still retain my target in my former short post on EURAUD             whic is about 200+ pips in the money.

Entry : 1.485 and1.486

SL should be set at the Last major H. high.

TP refer to the last post in the link.

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