EURAUD
The price came into the selling box I drew the last week and is where the 0.618 fibonacci retracement and structure meet. I expect the price to go lower to at least the 0.382 retracement of the last movement. There is also divergence on the RSI, to make this a stronger case for entry. The Stop Loss comes 30 pips above the previous high and I will take my profit at 1.5235, jut to secure the trade.
Have a great week :)
Trade closed: stop reached