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jackfullerton10123

2h EURAUD SHORT: Trend Retracement Opportunity

Short
Euro / Australian Dollar (FX:EURAUD)  
jackfullerton10123 Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Fibonacci Supply and Demand
3
0
trendanalysis fibonacci supplyanddemand
Bullish trend Wave formed. Seems to have reached New Structure High within a strong structural zone which is also a 161.8 Fib Extension zone. Predicting it to retrace back to a supply/ demand zone which is also a fib retracement zone (38.2 - 50). Personally I don't take these sort of trades but I enjoy the analysis never the less. Let me know if anyone has any ideas about this!
Comment:
Price did retrace to mentioned zone after making a higher high. If the trade was made the higher high shouldn't have triggered a SL so profit would of been made.
Trade closed: target reached:
^
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