Even tho I'm a bit sceptic to buy EU right now, it has developed a strong retracement here. Multiple tests on .272 and having a strong move up. Missed the initial entry, but I try to jump in later with lower tf.
Also here's a chart from EURAUD where price came to touch the .272 line after advancing above 1.739 line. After the test price came down to re-test the line which would have been an ideal entry point. These trades even offers a better RR because you can place your SL under the last swing low that touched the .272 area.
Also here's a chart from EURAUD where price came to touch the .272 line after advancing above 1.739 line. After the test price came down to re-test the line which would have been an ideal entry point. These trades even offers a better RR because you can place your SL under the last swing low that touched the .272 area.