FX:EURAUD Euro Fx/Australian Dollar
Recommended long at 1.4530 area all the way up to the weekly downtrend line around 1.5900 area. very high R/R ratio, place stop loss 50 pips below previous day low.
Comment: If you do not want to stay in that trade for that long you can come out when it hits and if it hits 1.4750 ish
Comment: Hold the trade, next target is around, 1.5150. You can take partial profit now if you like. I may close that trade around the 1.5150 figure unless it brakes it with authority. This pair has a lot of up to go on the higher time frame charts.
Trade closed manually: This was an amazing trade for 800 pip profit. I am closing it now booking the whole profit. We are hitting a good resistance level. I am expecting a retracement from here, Hope someone rode that trade with me. Good luck all.
Comment: Bought again at 1.5400 after small 50 pip retracement short. This was a very shallow retracement showing a strong uptrend. Our next conservative target is 1.5900 that is another 500 pips on top of the initial 800 we locked in. Manage your position size and stops