OANDA:EURAUD   Euro / Australian Dollar
Low time frame consolidation is attempting to break to the downside. Looking at the potential right shoulder formation of a h4 H&S . Targeting known support and an area of intraday liquidity / previous established support that created an impulse (partial profit levels). I got in on wick highs of consolidation.
Comment: Partials taken at TP 1 (first projection range), risk free and letting the rest (40%) slide
Comment: 60% taken at 164 pips 40% remaining, floating around 200-300 pip range. Watching this range resistance for the next decision.
Comment: The trade idea has hit 425 pips so far, you would have had to reenter on the retest of daily resistance

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out