Trade Setup: EUR/AUD – 26 Sep 2016

26 Sep 2016
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26-sep-2016-euraud

Candle Stick Pattern: Morning Star at (1)
Confirmation:

  • Stochastic oversold range at (4).
  • Also confirming divergence at (4) and (5).
  • Retesting previous resistance at (2).

Signal: BUY
Entry Point: 1.4756
SL: 1.4628 (128 pips) (Lowest low of the 3 candlestick bar of the morning star)
TP: 1.5060 (265 pips) (Recent resistance level)

[UPDATE 1 – 23 Sep, 2016]

26-sep-2016-euraud-cont

Trade closed on Stop loss.

 

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