EURAUD consolidating sideways looking like a bearish correction. Expecting to see the 15250 lows tested again and further downside. Im not looking for longs even on a break up from consolidation as not expecting it to go any further than the 38.2 fibonacci levels.
A solid week for the pair in question, CADJPY working the 30M time frame.
The last four trades out of five have hit the desired profit target.
This just shows the adaptability of the script in use and also shows that even trading a 1:1 risk reward ratio is possible.
How do I know its possible to trade this way? By the built in strategy...
Our strategy presented this trade a couple of hours ago.
A EURGBP trade I covered earlier on has already hit take profit now we are hoping this one can too.
We are working the H1 time frame with the strategy set to a risk reward ratio of 1:4.
The strategy itself is based on 4 individual strategies all lining up for extra confluence. The 'BUY'...
EURNZD H4 - We have obviously sold off nicely from resistance since the market opened, looking to find support at circa 1.78800, from here we could then have our eyes on a return to resistance up towards 1.82600. Very high RR setups.