Hey guys,
Currently watching EUR/AUD which tested a demand level on June 7.
I will looking to sell the breakout of this triangle pattern and will target the next fresh demand zone around 1.56500-1.56600 levels.
The RR ratio for this trade is around 1.7
Trade with care
Best,
Jesse
Currently watching EUR/AUD which tested a demand level on June 7.
I will looking to sell the breakout of this triangle pattern and will target the next fresh demand zone around 1.56500-1.56600 levels.
The RR ratio for this trade is around 1.7
Trade with care
Best,
Jesse
Trade closed: target reached:
Took my profits @ T1
T1 (which has already been tested) could hold for a while (which I don't want). If price breaks this level with a bearish candle I will target T2 (blue line).
Otherwise will exit @ T1