EUR/AUD short position
Confluence based on:
BOS (Break of market structure) on H4
Candlestick pattern (awaiting buyers in the market) on H4
Fibonacci retracement on H4
Once confluence is seen on H4 will go to lower timeframes (15/30 min) and await further bullish momentum for entries.
Also keep in mind news (fundementals) as price will either hit SL alot faster or TP will be hit faster.
Tp1 @ -27%
Tp2 @ -61,8%
BOS (Break of market structure) on H4
Candlestick pattern (awaiting buyers in the market) on H4
Fibonacci retracement on H4
Once confluence is seen on H4 will go to lower timeframes (15/30 min) and await further bullish momentum for entries.
Also keep in mind news (fundementals) as price will either hit SL alot faster or TP will be hit faster.
Tp1 @ -27%
Tp2 @ -61,8%
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