Here we have a low risk trade opportunity presented to us on EURAUD.
Price has broken above a descending trend line & is retesting the trend line from the other side as support.
Long trades would be closed upon a bullish hourly candle close & a stop loss would be placed tight below the trend line.
We will post updates as this trade progresses.
Price has broken above a descending trend line & is retesting the trend line from the other side as support.
Long trades would be closed upon a bullish hourly candle close & a stop loss would be placed tight below the trend line.
We will post updates as this trade progresses.
Trade closed: stop reached:
Stop loss hit after a 50 pip rise. hopefully you took some profits!