Monday, 18 April 2016

Forex Price Action | EURAUD +6 pips 2016-04-05

EURAUD +6 pips 2016-04-05 | Extended Reversal

EUR/AUD is just in an extended reversal setup. You can see this in the way the 1 min boxes are below the lead 5 min box and price is at a resistance level on the 1 min time frame.. Generally you would like to see a larger gap between the 1 min boxes and the lead 5 min box so the trade was taken with some caution in mind. +6 pips

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from 24HR Forex Trade Room http://24hrforextraderoom.com/forex-price-action-euraud-6-pips-2016-04-05/