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Forex48_TradingAcademy
Jul 21, 2023 3:55 PM

EURAUD SHORT TRADE - H1 ENTRY SETUP Short

EUR/AUDOANDA

Description

On EURAUD, we have a bullish setup this morning, with the price reaching the 1.653 zone, where it encountered a FVG and a Forex48 block. After receiving some confirmations on the M15 timeframe, I entered short with a target of 1.642, resulting in a risk-reward ratio of 1:7 with a 1% risk. At the time of writing, the price is already at breakeven, making the trade risk-free. Let me know how you would manage this trade and what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Comments
Forex48_TradingAcademy
Hi traders! What do You think about EUR/AUD?
donchichi1
@Forex48_official, i have very similar set up
Forex48_TradingAcademy
@donchichi1, Amazing, At the moment I closed the trade to BE. I will wait another confirmation to enter tomorrow during London session.
donchichi1
@Forex48_official, cool
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