Today Draghi will speak and EUR picked up some momentum.. EURAUD is in TOP RANGE !
Reversal is high possibilitie since we have this pair overbought.
You should split this trade in 3º parts: (beaware this is a High Risk Trade!)
-TP1 (if you reach it move SL immediately to BE).
The maximum RW:RK 2:1, enjoy!
Note: there is a stubborn horizontal support zone which has been formed 8 hours ago (1.55950), during the rally.. my guess is it will be broken.. Happy Trade|
Don't forget to move SL to BE. Have a very nice week of profit Trades.
Close half position and move SL to BE.