EURAUD 240 min CCI tlb Fib Retr Short-sideways

The EURAUD retraced 38.2% of last move down and CCI has a 2 bar flat, a reliable short signal. But the apex of the CCI triangle is slightly above 0, slightly favoring upside. we could see a retest of swing high before downside gets serious. Conservative traders would wait. Aggressive traders might have to enter again later or take SL 1.586- 1.626. Watch the spread

Entry 1.618
TP1 1.604
TP2 1.594
then 1.57, 1.55

Yorum:

Locked in some profit 1.614 to ensure profitable trade