Jan15 – S3S on EURAUD

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Even though this trade was against the STAM (EUR strong and AUD weak), I took this setup because it was i) overbought ii) nice bearish pin bar iii) rejected supply zone and previous high iv) put in a lower high and (v) was in line with the 4H trend. At time of writing, and post USD-news, I took off 1/2 the position at 1.5244 (+50 pips) and have shifted stop for second half at 1.5275 (+19).  

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