Hey there traders,
As you can see EUR/AUD just came out of consolidation (red box) and is starting to trend in to a possible uptrend. we will be looking for a long position after the breach of the drawn trendline, when the candle closes above the trendline we will open a long position with a stoploss belowto swing low of the pullback before the trend line (purple dotted line is stoploss level)
I will update the position
Happy trading!
As you can see EUR/AUD just came out of consolidation (red box) and is starting to trend in to a possible uptrend. we will be looking for a long position after the breach of the drawn trendline, when the candle closes above the trendline we will open a long position with a stoploss belowto swing low of the pullback before the trend line (purple dotted line is stoploss level)
I will update the position
Happy trading!