The EUR/AUD is in an upward rally, is inside correction and is finding an historic support area coinciding with fibonacci level of 38% and is touching the 150 WMA. It could be a signal showing the end of the correction.
I draw a trend line (Orange line) and if it is crossed uppward I'll open a buy order with:
- Partial close in 1.5690
- Stop loss in 1.5070
- The last partial moving the stop loss.
Remember:
Always move your Stop Loss, You Never should convert a Winning position into a lossing position.
I draw a trend line (Orange line) and if it is crossed uppward I'll open a buy order with:
- Partial close in 1.5690
- Stop loss in 1.5070
- The last partial moving the stop loss.
Remember:
Always move your Stop Loss, You Never should convert a Winning position into a lossing position.