EURAUD - 1.6360 is a solid resistance

EURAUD failed to break out the resistance at 1.6360. We may reasonably anticipate a trend reversal at least until 1.6100 in the next days.
The bullish trend line daily is a perfect target for this trade around 1.5950. As it could act like a support, the pair could trigger a bounce on this level.

Entry: 1.6280
Stop loss: 1.6400 (Above top of the channel)
Take profit: 1.5950 (38.2 fibonacci)

Partial profit taken when price reach 23.8 fibonacci
Stop loss moved to break even when partial profit is taken

Kommentera:

Partial profit taken at 1.6100: +180 pips
Stop loss moved to break even

Trade stängt: målet nått:

+330 pips