EUR/AUD – Longer Term based entry


This trade resulted in +80 pips (in about a day), and idea generation and planning was a collaboration with The Foreign Exchange Trading Academy.

Based on a little longer term confluence, a order to SELL was fired off when the pair was around a potential resistance area, and a Take Profit was placed. The trade was not managed after that, and the Take Profit was reached.

There was once risk in particular that I had in mind. Another potential (Higher) resistance that the price might try to reach.







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