SAXO:AUDGBP   Australian Dollar/British Pound
So after my analysis on AUDGBP earlier, we can see that the price action has return to retest the new support.
We now switch to the 15 minute chart for our entry. So on the 15 minute chart, the price action will rise to breakout at point B and will form a higher high (Point C).
Then it will retrace to make a high lower and retest the support (At point B Breakout) point D. Then enter upon the breakout of point C placing our stop at point D.

Remember your stop should only lose you 1-2% of your account. risk management is key to not losing your account.

Happy Trading - The Trading Box

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out