11 Jan 2017

EUR/AUD SHORT - PARTIAL PROFIT TAKEN

EUR/AUD H4

As expected after falling back inside the familiar range the rate pulled back to test the upper boundary and turned around right on the spot at 1.4470. (watch the video on full trade idea here)

As I have closed a part of my initial position and my stop's at break even - I will be looking to scale back in the trade.

I will be looking for a pullback towards the possible former broken support as the new resistance at 1.4320-1.4335 and keep targeting the range base at 1.4130.







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