Expecting a Pullback on EURAUD to 1.6135 level.
reason behind this trade is because the 1.6135 level is in the 38%-78.6% Fibonacci level indicating a further downside to this pair to continue weekly downtrend to 1.5800 level.
Risking 3.76% to gain 31.46%
RATIO: 2:13
BALANCE $10,647.64
ENTRY: 1.6135
SL: 1.6175 (40pips) $10,247.64 (-3.76%)
TP: 1.5800 (335pips) $13,997.64 (+31.46%)
reason behind this trade is because the 1.6135 level is in the 38%-78.6% Fibonacci level indicating a further downside to this pair to continue weekly downtrend to 1.5800 level.
Risking 3.76% to gain 31.46%
RATIO: 2:13
BALANCE $10,647.64
ENTRY: 1.6135
SL: 1.6175 (40pips) $10,247.64 (-3.76%)
TP: 1.5800 (335pips) $13,997.64 (+31.46%)