CXJV

EUR/AUD Long Position 4H Strategy - V.Simple

FX:EURAUD   Euro / Australian Dollar
This current LONG order is based off my 4H trend following strategy. I use the 40MA as a support barrier and LONG orders can only be made when 40MA is above 120MA.

Trade entered at the end of 4H close (17:00 GMT+1).
SL will be move to entry (£0.00 loss if hit) after 4 x 4H candles (16H) if price is above, otherwise I will take the full loss.
Second SL move will be move to the bottom of a candle that has crossed back below the 40MA.

Profit will be taken if price continues to hit moved SL otherwise the above action will be repeated until SL is hit as shown on previous trade (13/10 10:00 GMT+1)

Please follow for education purpose only, Comments are appreciated and can help develop this strategy
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