TimStuyts
Short

Buy trade hit target, now watch for bearish continuation

FX:EURAUD   Euro Fx/Australian Dollar
178 0 5
for my previous buy trade analysis and context see below:
EURAUD Buy


We saw an impulse lower after price hit our target at 1.52.
Now I like to see a consolidation and bearish continuation, have a look at the bigger picture to see why I like to watch for the bearish continuation. This might result in a weekly bearish break out. Hence I want to trade it from intra day charts with my stop loss of 2% based on the intra day charts with the potential of a weekly break out. Since we are buying AUD swap will be in our favor as well.
snapshot


Therefore keep an eye on this pair for lots of potential.

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Comment:
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