EURAUD 1 H Channel bounce short

2 août 2017

I am watching the 5 m as it is in a pull back long waiting for my entry @ 1.4845. Pair has bounced off the top back into the channel and is heading toward the 50 sma and the 800 sma for a TP @ 1.4780. At 1.4805 I will take off 1/2 position and re-enter @1.4795. Macd has divergence to price and is falling to the 0 line.

2 août 2017

Note

This Pair started to fall and then stopped and reversed. It did hit my stop loss @ 1.4890. If I was up and watching the pair I would have stopped out at -20 pips. That's enough to see that the timing was wrong.