FX_IDC:AUDEUR AUSTRALIAN DOLLAR / EURO
see prior posts for examples. I see this as a counter trend move. profit projection finishes before larger trend line. A long entry would be taken if the flag drawn see's a break out. But currently looking for a long down at the 70cent level and will trade the counter move to this level and look for reversal.
Yeah trading equal or with larger stops was the point where i crossed over to becoming profitable. management of account risk is far better than trying to double it with every trade by having tight stops and large targets. Please add a comment… Positive feedback and constructive criticism are important to authors and the community.