EURAUD Short Trade *DAILY TREND & CHART PATTERN*
I am looking at a short trade on EURAUD.
There are multiple daily lower highs on that timeframe with price making a lower high last week. A nice bullish spike upwards last night is looking like a good discounted chance to get in short positions.
On the 4hr chart we have a CTL break, retest of this TL and the fib 0.618 retracemement level.
TP1 is at the fib -0.618 extension level (new 4hr lower low)
Long term TP2 is at the 1.60 support zone.
There are multiple daily lower highs on that timeframe with price making a lower high last week. A nice bullish spike upwards last night is looking like a good discounted chance to get in short positions.
On the 4hr chart we have a CTL break, retest of this TL and the fib 0.618 retracemement level.
TP1 is at the fib -0.618 extension level (new 4hr lower low)
Long term TP2 is at the 1.60 support zone.
Trade active
Trade closed: target reached:
Final profit target of 1.60 has been reached