EURAUD, H1- sell - possible tripple top
Reason to trade: Price stops in previous high area for the third time, if it won't break in the time of few next candles we might go down
Stop Loss: Setup will be active as long as current resistance stops the price (~1.54484)
Take Profit: Possible take profit area is last low (~1.53538). If support (green line) will break price may create new local low around 1.53109. In long term we may even reach ~1.50945
Stop Loss: Setup will be active as long as current resistance stops the price (~1.54484)
Take Profit: Possible take profit area is last low (~1.53538). If support (green line) will break price may create new local low around 1.53109. In long term we may even reach ~1.50945
Note
new low on M5 hits local trendlineNote
local trendline has brokenNote
TP1 reachedNote
TP2 reached
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