EURAUD Long SwingTrade Setup
Entry: 1.6225
Stop Loss: 1.6208 (17 Pips)
Target 1: 1.6367 (142 pips)
Target 2 1.6566 (358 pips)
Trade Analysis: EURAUD traded into Daily support control area. Buying setup formed on one hour to signal a long entry. RBA assistant governor scheduled to speak in a few hours with Australia GDP data coming out. Trade will hinge on a sell of in the Aussie as well as equity weakness coming in to give this trade a boost
Trade analysis on 4th June 2020
Result: Stop Loss taken at 17 pips as price breaches our stop loss and traded 100 over pips lower to a low of 1.6032 before bouncing