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Euro / Australian Dollar
Short

EURAUD SHORT

By jacolbywilliams11
Updated
Price has finally broken the trendline and is now retesting it. This is my other trendline strategy that I don't normally use but here is a perfect setup for it. Price is also below the 50 and 20 ema. My first TP is 30 pips. After 30 pips is acquired Ill set stops to breakeven and let the trade run to the final target of 50 pips.
Trade active
Price is rejecting the upwards trendline being created on the m15. Its retracing. If the trendline breaks price will fall beautifully.
Trade closed: stop reached
Price Continued to go deeper into the rejection. Losser
Chart PatternsFundamental AnalysisTrend AnalysisTrend Line BreakTRENDLINERETEST

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