AUDUSD SHORT
Updated
Just want to see how markets react to natural number (e). I used rounded numbers of e, e=2.71828≈2.72 and e^2=7.38906≈7.39. Draw fibonacci retracement from last months range and placed SL above last swings e^2 retracement and TP at last months e(2.72) level.
Note
Reason I sold was because price found resistance in .739 and couldn't close above it once it dropped below it. In previous months price found support around .739 and continued higher.Note
It's amazing how often price retraces back to previous months .739 level in the early days of the next month. Those could give huge HTF trades with great TP.Note
Well that was well timed with the risk off sentiment on the markets. Almost TP already.Note
If the down move is to be continued price could visit the zone between 1.739 and 2.272. One way to manage the trade is to take partial profit on the TP and trail the rest.
Trade active
Only took partial profit at the target. next stop around .7000
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