EUR/AUD: Partial Profit Taken
Martin Janson | Jan 11, 2017 05:44AM ET
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.
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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