EURAUD breaking resistance of a consolidation zone
Resistance broken by a big bullish candle 2 candles after, another bullish candle made a re-test Buy Stop order is placed above the high of that re-test candle SL is placed in the middle of the consolidation zone in between support and resistance TP2 is placed in the last significant value zone TP1 is 50% of movement to TP2 If price reach TP1, we move SL to 40% of the movement between entry price and TP2 Today we have importance news of BCE, but we enter the trade anyway as it is supposed interest and deposit rates wont change too much. Monetary policy statement also coming so trade is risky. News coming in 5-6 hours from now.