EURAUD Entry Plan (Late 2017)

FX_IDC:EURAUD   Euro / Australian Dollar
Entry plan is based on the EURAUD monthly/quarterly head and shoulder pattern.

Looking to enter with a nice rejection of that .618 and 200 day moving average cluster area to then ride price down to the August '12 low near $1.16

Ideally i'd get in right below that key resistance area around 1.52-1.53~ with a reward:risk ratio of at least 5.5:1 and a stop loss behind the moving average cluster. I would consider scaling in with additional positions if we get some really nice price action on the way down.

I'll publish my entry if/when that time comes.

For more in depth analysis on this trade and others checkout my site, PatsTrades. Link is in my profile status box.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out