FeroxWealth
Long

EURAUD Another Potential Run to the Upside

FX:EURAUD   Euro Fx/Australian Dollar
Please see my previous idea, which is still shown on this chart, and read the research that led to a spot on long position on this EURAUD             a few days ago. Now that price action has ran back down and since then retested the down trend there is some clear bullish momentum present. I've already entered into a long position and expect to see price action hit one of the 3 targets marked in red.

No rules for entry as I am already entered long on this bullish momentum.
Stops around 1.54700.
Targets are marked by the red horizontal dashed lines.
Comment: I've aggressively moved stops to break even at about 6 pips profit as I would like to see more bullish momentum to confirm a swing to the upside. If I get stopped out I will be out of this trade until I get a better buy signal. This does not necessarily mean that this trade is a bust, it very well could go as planned I am just be aggressively conservative if you will.
Trade closed: target reached: target one was hit to a T @ 1.56650
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