BE.FX

Buys EURAUD - 30min Minor Resistance Broken

Long
FX:EURAUD   Euro / Australian Dollar
Enter buys on EURAUD for last trade of the night.

The 30min and 1hr closed bullish above minor resistance, so I took a countertrend trade with reduced risk. I was meant to ent a .02 lot but entered a . 01 lot, so making that mistake put me off a little.

The price moved around 6 pips in my direction, but I decided to move stops to breakeven early (usually I do at plus 8pips) but I was a little unsure due to how other Eur and Aud charts were forming.

Price eventually moved as predicted without hitting my original stop, but I think I was just wanting to ensure I protect my profits from the previous trade.

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