Mrdell

[EURAUD] CONSODATION WITH A ENTRY CONFIRMED?

Long
Mrdell Updated   
FX:EURAUD   Euro / Australian Dollar
In D1 of EURAUD, we can see clearly the consolidation with the strong rejection from the lower band. It should be enough for the signal of buyer side will take control of this pair from now on. What we want now is the decent retracement for entry with great R:R.
Comment:
Price seems to react strongly against our thought, wait to change the course of action before entry
Comment:
With a Doji on H4 timeframe, the entry can be initiated anytime with SL below the lowest point of yesterday.

Everything has it own risk, accept that fact and manage it your way
Comment:
Price decrease and touched SL, the idea failed
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