EURAUD 0% BE
Time of entry: 11AM
Reasons for entry:
- Break and retest of trend line
- 61.6 rejection
- Below support so I was taking advantage of the stop hunts
- Risk off so weak AUD
Lessons learned:
- If the 618 is quite bit below the support / above resistance then be weary and ideally I want that candle to close back above the support otherwise it is confirmation against you
- Stops to entry well moved early because the candle didn't close back above
Reasons for entry:
- Break and retest of trend line
- 61.6 rejection
- Below support so I was taking advantage of the stop hunts
- Risk off so weak AUD
Lessons learned:
- If the 618 is quite bit below the support / above resistance then be weary and ideally I want that candle to close back above the support otherwise it is confirmation against you
- Stops to entry well moved early because the candle didn't close back above
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