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MrB_
Feb 28, 2019 7:48 PM

EURAUD Long

Euro Fx/Australian DollarFXCM

Description

watching EA for possible longs... from the HTF we can see a consolidation build up and most recently a convincing break and close on the H4, however price could bounce from my pivot point and fall back into this consolidation pattern meaning that this was a fake out. To avoid being caught out in a possible fake out i am waiting for a retest of a strucutre level (orange box) or the trend line before finding a reason to potentially go long
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