Seeing as euraud has well respected the trendlines recently I decided to long eur back into the upper end of previously broken trendline. I am european living in australia, I know first hand how weak aud is agains eur as my salary in australia took a massive hit against euro...
I decided to go all in on this trade with a 2% risk. RR is 1:4 for the final TP, but I do see how trade management is the key for longevity, so I still plan on taking partial profits and moving my stop back to BE as soon as price is hitting 1:1 for BE and 1:2 RR for 50% profit taking.
Let's goo
I decided to go all in on this trade with a 2% risk. RR is 1:4 for the final TP, but I do see how trade management is the key for longevity, so I still plan on taking partial profits and moving my stop back to BE as soon as price is hitting 1:1 for BE and 1:2 RR for 50% profit taking.
Let's goo
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.