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forexnick

EURAUD in an area of support, time to head to resistance!

Long
Euro / Australian Dollar (FX:EURAUD)  
forexnick  
FX:EURAUD   Euro / Australian Dollar
EURAUD euraudlong
6
0
euraud euraudlong
Monday's trade! EURAUD sitting around 1.4678 level, perfect entry area for a push towards 1.4886. Place stops at 1.4649 - 30 pips. This trade has a great R:R with 7:1. Supply and demand trade, simple as that.

Remember! Trail your stoplosses 25 pips once you hit 25 pips profit!

So,
move stoploss to breakeven @ 25 pips profit
move Stoploss to 25 pips profit @ 50 pips profit

and so on!


Happy Trading,
Nick

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