EURAUD TRADE IDEA JAN/02/2020 @ 11:13 PM PST
Updated
Disclaimer: This is a trade idea. Take at your own risk. Past performance does not ensure future result.
EURAUD has a high possibility to come down because:
1. It hit a Price Reversal Area
2. Divergence
3. The Price Action indicates a low possibility to go up further than 1.272 from the most recent 15m downtrend
4. Bearish AB=CD pattern
EURAUD has a high possibility to come down because:
1. It hit a Price Reversal Area
2. Divergence
3. The Price Action indicates a low possibility to go up further than 1.272 from the most recent 15m downtrend
4. Bearish AB=CD pattern
Trade active
Stop Loss was tight and wicked out the trade. Trade still active.Note
When in 5 pips profit, put SL to BE+2 pips for a risk free tradeTrade closed: stop reached
EA hit Stop Loss. New Data point for Trend Line was created.Note
Weekly Trade Idea Review:This trade was not ready to be entered at the time the idea was posted. The MACD crossed at 1:45 AM PST Jan/03/2019. If this was caught a bit later when MACD crossed and the bullish doji with the bearish engulfing candle occured, it would have been 21 to 31 pips.
Will learn from this for future trade idea.
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