EUR/AUD, DAY CHART, SHORT (5-Jan-2017)

Note:
Overall, we remain bearish on EUR/AUD

There is a long Descending Triangle Pattern.
Now the price break the neckline aka the strong
support line.
After breaking this stong support line, we see a
slight pullback back on the support line and
heading downward.

There is a high probability that it will continue moving down.

Trade ist aktiv:

Short now

EP: 1.43907
SL: 1.46620
TP: 1.41928

Trade ist aktiv:

We remain bearish as long as the 1.446x level can hold the price. Another resistance level can watch will be on the Trend Line near 1.472x level.

Besides, if there is a better bearish signal appeared, it would be a good signal to add on shorting position. :)

Trade ist aktiv:

The price bounce from resistance line and moving down.

We add on short position
EP: 1.43158
SL: 1.44683
TP: 1.41557

Trade ist aktiv:

Our 1st trade is approaching our TP.
We decided to close it with profit of 168 pips.

And for 2nd trade, we move our SL to breakeven SL. So it is now a risk free trade. :)

Kommentar:

Btw, we so enjoy some profit from the positive swap :)

Trade geschlossen: Ziel wurde erreicht:

2nd trade also hit our TP.
Take profit of 129 pips together with some positive swap :)