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kevhernandez9

EURAUD BUY/LONG RETRACEMENT

Long
Euro / Australian Dollar (FOREXCOM:EURAUD)  
kevhernandez9  
FOREXCOM:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Fundamental Analysis uptrend euraudlong euraudanalysis buytosell smartmoneyconcept smartmoneytrading institutional_trading Fibonacci Retracement multitimeframeanalysis
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trendanalysis chartpattern fundamental uptrend euraudlong euraudanalysis buytosell smartmoneyconcept smartmoneytrading institutional_trading fibonacciretracement multitimeframeanalysis
First lower entry: (5MINUTE TIMEFRAME) 88.6% fib retracement area. Imbalanced price action on 5M timeframe & 50% of last institutional move that took previous liquidity.
Second entry: (30MINUTE TIMEFRAME) 78.6% fib retracement area. 50% institutional area of last bearish move before the bullish move upwards. Mitigation area for smart money to close out positions.

4H higher TF bias is downtrend. Entering countertrend to buy up and sell off around TP3.
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