1st trade analysis after long pause on EUR/AUDhello,
my name is kirollos and this is my first try after long pause of trading.
this is EUR/AUD currency.
I know that most of bank are in holiday today but lets try this.
there is a downtrend on high-time frame like 30min and 1h , and there is a corrective move (channel) on 5min time-frame.
I drew fib level and the correction move reach the golden ratio between 50% and 61.8% , then I drew fib extension to predict the next move and I would be satisficed with 61.8% as my first take profit target.
I my forecast that liquidity move to me side which encourage me to continue.
feel free to criticize me idea .. I love to hear any thing from you but please clarify your idea to me to understand.
