Banked a lot of pips on the last sell trade, now we have a buy signal.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
EURAUD 1HOUR TF
So here is something I am waiting for to come back and test the retracement on the fib retracement! I am not going to be holding my breath here as this could still continue with the downtrend and not retrace!! or we could see a swing trade happen when it breaks out of my trendline retest the trendline on the 50% fib level and see it go for 1:12 RR...
We look to Sell at 1.6840 with targets of 1.6608 & 1.6550 and a stop of 1.6880
2 positive daily performances in succession. Selling posted in Asia. Bespoke resistance is located at 1.6842. We have a 78.6% Fibonacci pullback level of 1.6840 from 1.6924 to 1.6534. The rally is close to an exhaustion count on the intraday chart. Due to an Ending Wedge formation, we...
Nice bullish momentum building for this pair and we should see that in coming days ahead. I'm expecting a retest to the previous support level before going up. I have placed a buy order at that level and marked the tp and sl for you as well.
LEt me know your thoughts.
Trade safe and good luck.