I have a Bullish Stance on the EURAUD.
- Previous Day High Broken - indicating higher price (or it might be a false break...rekt!)
- Retracement to Consolidation Area (Purplish Area) Prior to the Breakout of price that took out the Previous Day's High
- 13/50 MA Cross in H1
- 1:2 RR (50pips risk/100pips Reward...IF prices reach TP#2)
- 1:1 RR (50pips risk/50+ pips Reward...IF prices reach TP#1)
- TP#1 - 1.6600 Round Number (Also Near ADR High. ADR for this pair is Average 130 pips)
- TP#2 - 1.66400 - Very NEAR Previous Week's High
Use at own risk.
- Previous Day High Broken - indicating higher price (or it might be a false break...rekt!)
- Retracement to Consolidation Area (Purplish Area) Prior to the Breakout of price that took out the Previous Day's High
- 13/50 MA Cross in H1
- 1:2 RR (50pips risk/100pips Reward...IF prices reach TP#2)
- 1:1 RR (50pips risk/50+ pips Reward...IF prices reach TP#1)
- TP#1 - 1.6600 Round Number (Also Near ADR High. ADR for this pair is Average 130 pips)
- TP#2 - 1.66400 - Very NEAR Previous Week's High
Use at own risk.
Order cancelled
Trade closed: target reached