DislikedI am initiating small long position in EUR/AUD...may add more later what do you guys think? {image}Ignored
I thought the same as you early this afternoon. I hope this H1 TL holds and price not not retest previous S/R Zone.
Your entry is earlier which better.
May be this H1 diamond signals a bullish move
Ideally, my stop loss should be below S/R (Blue Zone). If stop loss gets hit. I may renter after the S/R retest.
Edit: When Price turned against me, I managed to close the lots with 5 pips in profit. It was not a good level to trade from. lets see how PA will react to the S/R zone.