EURAUD BUY/LONG RETRACEMENT
First lower entry: (5MINUTE TIMEFRAME) 88.6% fib retracement area. Imbalanced price action on 5M timeframe & 50% of last institutional move that took previous liquidity.
Second entry: (30MINUTE TIMEFRAME) 78.6% fib retracement area. 50% institutional area of last bearish move before the bullish move upwards. Mitigation area for smart money to close out positions.
4H higher TF bias is downtrend. Entering countertrend to buy up and sell off around TP3.
Second entry: (30MINUTE TIMEFRAME) 78.6% fib retracement area. 50% institutional area of last bearish move before the bullish move upwards. Mitigation area for smart money to close out positions.
4H higher TF bias is downtrend. Entering countertrend to buy up and sell off around TP3.
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