EURAUD conservative strategy
Updated
Testing out my 2019 strategy.
The strategy uses the idea of trend-following, trail-stop and conservative entry by using trendlines and support/resistance lines.
The trade was executed a while ago, hoping it reaches the intended target and ride the trend until it ends.
The strategy uses supply and demand, COT reading analysis to confirm bias/momentum, multi-timeframe analysis, and fibonacci retracements.
The strategy uses the idea of trend-following, trail-stop and conservative entry by using trendlines and support/resistance lines.
The trade was executed a while ago, hoping it reaches the intended target and ride the trend until it ends.
The strategy uses supply and demand, COT reading analysis to confirm bias/momentum, multi-timeframe analysis, and fibonacci retracements.
Trade active
The trade goes with our favor. Hoping to hit it's initial target then ride the trend afterwards with trailing stops.Comment
Market is having a pause. Hoping for more EURAUD weakness to reach our initial target.Trade closed: target reached
Target reached and we have even rode the trend until it reversed at our supply area.Disclaimer
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