People:
EURAUD
Is inside a triangle consolidation, therefore we can buy at 1.595 area with a 40 pips SL at 1.591 and having profits up to 1.61 and 1.618 area.
Trade confirmations:
-That area will hit the 4H first Bollinger bands. (2, 50).
-That area is a strong previous resistance.
-We will hit a strong daily up trend.
Remember always your risk management:
0.01 Lot size with 40 pips risk will give you a 4 USD loss.
0.1 Lot size with 40 pips risk will give you a 40 USD loss.
1 Lot Size with 40 pips risk will give you a 400 USD loss.
Trade with care!
EURAUD
Is inside a triangle consolidation, therefore we can buy at 1.595 area with a 40 pips SL at 1.591 and having profits up to 1.61 and 1.618 area. Trade confirmations:
-That area will hit the 4H first Bollinger bands. (2, 50).
-That area is a strong previous resistance.
-We will hit a strong daily up trend.
Remember always your risk management:
0.01 Lot size with 40 pips risk will give you a 4 USD loss.
0.1 Lot size with 40 pips risk will give you a 40 USD loss.
1 Lot Size with 40 pips risk will give you a 400 USD loss.
Trade with care!