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Aqua_Trader
Oct 31, 2018 8:44 AM

AUD/USD - SIGNAL - BUY / LONG - HARMONIC CONFLUENCE Long

Australian Dollar/U.S. DollarFXCM

Description

My details:
Entry @ 0.70710
Stop loss @ 0.70130 (58 pips)
Target @ 0.71510 (80 pips)
R:R = 1:1.38

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The analysis is made based on order flow using Volume Profile + EW

For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.

Comment

price surged a couple of points before entering my entry zone

Comment

an almost textbook trade...
Comments
ElliottWaveBelgium
Nice one. I also have a bullish view on this :)
Aqua_Trader
@em16, nice analysis, good luck! :)
irfanaditya
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