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asangwecho

"EURAUD" SHORT

Short
Euro / Australian Dollar (FX:EURAUD)  
asangwecho Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis
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trendanalysis
EURAUD had a rapid drop from the 1.66500 level creating a CHOCH and a FVG. Price has come back to test that level and i entered short at

Entry 1.65520
Stop Loss: 1.66130
TP1: 1.64870
TP2: 1.64000
Comment:
With the Violent News (NFP) there was a huge Liquidity inflow, a lot of technical out looks were reset and the USD, might have finally taken a new direction. With Powels outing and the Non Farm Payrolls beating estimates, the Dollar might edge higher.

Concerning our trade, we had a comfortable stop loss also place above a psychological resistance. Despite the drawdown, we are still in the position and will see the EUAUD edge lower as expected.
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