Trade 4 - EURAUD; Long (CMP entry)

已更新
Looking to get on the next move to the upside on EURAUD after the pair has been holding strong on support and looking like a potential wedge is forming offering some space to the upside, with a 25 pip SL at 0.5% risk offering a 3:1 RR for the final target, but potential for the trade to be held longer depending how things develop.

Reasons for the trade:
1. Market showing signs of reversal from the recent bearish run and market pressure, showing the potential to break to the upside.
2. Support has held firm and now price is showing some momentum to the upside with plenty of space.
3. Dynamic support has held strong on a number of times going long on the 5th touch of this area, stop placed below the wicks of the most recent touches with space to breath.
交易結束:達到停損點
SL hit for a 0.5% loss, however re-entered on the re-test of entry price on 17 July, hitting TP for a 1.5% profit.

Overall profit of 1% on this trade.
audbuyEUREURAUDForexfxLONGtradingTrend Analysis

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