We are currently waiting for EURAUD price to retrace back to 1.66362 where we expect to see price struggling to maintain upward momentum past our 0.618% extension. If we do see price action slow, we will make our short entries from 1.66236 and place one TP at 1.64521 (200 Pips).
NOTE OF INVALIDATION:
If hourly candle continues above retest zone and closes above 1.66437 the whole setup will become invalid and you can take the trade off your watch list.
NOTE OF INVALIDATION:
If hourly candle continues above retest zone and closes above 1.66437 the whole setup will become invalid and you can take the trade off your watch list.
Trade closed: target reached:
TRADE IN PROFIT!