EURAUD : 380 pips Short with excellent Risk / Reward ratio.

By mohsenfx
Updated
As you can see price reached a strong resistance and we have to wait until next week and monitor for reversal candlestick patterns on H4 and H1 time frames and short after confirmation , we could place stop loss a little pips above Resistance and 200 Day Moving Average around 1.66400 and our target is major support around 1.61600.
Trade closed: target reached
Close with 200 pips profit.
EURAUDeuraud-analysiseuraudselleuraudshortMoving AveragesMultiple Time Frame AnalysisSupport and Resistance

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