Entry: 121.35 Stop Loss: 122.23 (88 Pips) Target 1: 120.13 (110 pips) Target 2: Trail stops down Trade Analysis: Looking to go short at the supply area in the daily time frame. Anticipating the downtrend to continue downwards. Will do a mechanical 1 to 1 risk reward ration on first target and trail stops down.
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… Read More »
The exponential moving average is one of the oldest form of technical analysis. It is one of the most popular trading indicators used by thousands of traders. In this step-by-step guide, you’ll learn a simple exponential moving average strategy. Use what you learn to turn your trading around and become a successful, long-term trader! A moving… Read More »
The first thing that often comes to mind when trading the financial markets is strategy. You will scan through tons and tons of strategies posted online and trying to pick one which will help you win and make millions in the market. Sadly, there is not such thing as a fool proof strategy. So what… Read More »