Study of trading considerations in 20190617 EURAUD.
In this EURAUD M15 graph before the day closing of Friday 20190614, EasyBee59 counted the bar downward consecutively from -1 to -9. It created a sky-blue snr (support and resistance) line. The Stochastic value during that thime was below 20%. After entering a new day in 20190617 the price actions went sideway in a range of 21.3 pips mostly in the area between the sky-blue snr and yesterday's low level until the close of Sydney around 1 PM Bangkok time. By the open of London session around 2 PM Bangkok time, SMA5 had crossed above and stayed over SMA13. Around 3 PM Bangkok time when Tokyo session ended, a bullish candle closed obviously above the sky-blue snr line with the label cc59 counting of "+1" and "close above high (CAH)" occured. These were considered an onset of a new uptrend. Therefore, a hypothetical buy order could be sent out at the open of the next candle with a take profit target of 50 pips and a stop loss of 16.5 pips. By 8 PM Bangkok time, the target of 50 pips reached near the level of yesterday's high not long after the openning of New York session. The target was met within that day so there was no swap interest issue.
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