Charlieab94
Long

EURAUD Long Trade *TRENDLINE BREAK & FIBONACCI LEVEL*

FX:EURAUD   Euro / Australian Dollar
Simple trendline break and retest trade set up.

The trendline is more accurate on the 1hr timeframe but its easier to see and enter on the 4hr.

Trendline broken.
4hr rejection of Fib 0.618
Rejection of broken TL

Targeting the Fib 1.618 extension level first.
2nd Target is 1.60600 resistance zone .
Trade active
Comment: Stopped at breakeven
Trade closed manually
For more technical analysis and FREE trading education, please check out my blog site https://diaryofafinancekid.com

Comments

Loving this trade. I sort of saw it in the corner of my eye while looking at gbpaud. But great to just clarify it. Sharp! Thanks.
+1 Reply
Charlieab94 justforex
@justforex, Thanks mate :)
+1 Reply
jumping on this, cheers :)
+1 Reply
Charlieab94 MissEmma
@MissEmma, Thanks Emma :)
Reply
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