FX:EURAUD Euro Fx/Australian Dollar
Breakouts of the 60 bar high/low (Donchian Channel) on the hourly charts for EUR/AUD can be taken for good profits this year. Stoploss of 25 pips and take profit of 75 pips has been profitable. Don't trade in the same direction as the last trade if it was a winner. Only take advantage of the initial trend breakout.