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mohsenfx

EURAUD : 380 pips Short with excellent Risk / Reward ratio.

Short
Euro / Australian Dollar (FX:EURAUD)  
mohsenfx Updated   
FX:EURAUD   Euro / Australian Dollar
Support and Resistance Moving Averages Multiple Time Frame Analysis EURAUD euraud-analysis euraudshort euraudsell
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supportandresistance movingaverage mtfa euraud euraud-analysis euraudshort euraudsell
As you can see price reached a strong resistance and we have to wait until next week and monitor for reversal candlestick patterns on H4 and H1 time frames and short after confirmation , we could place stop loss a little pips above Resistance and 200 Day Moving Average around 1.66400 and our target is major support around 1.61600.
Trade closed: target reached:
Close with 200 pips profit.

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mohsenfx
EURAUD : 200 pips Long with Excellent Risk/Reward ratio.
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