1.60300 Will be my short area for EURAUD. We have an ABCD Pattern at this level and I also see the monthly bollinger band that will be overbought. We can also see that the inverted head'n'shoulder will be complete at this level so then the trend should reverse. I have 2 targets. I will probably close at the first target but it should reach the second target. I am a swing trader so of course I might enter this trade only in like a month and then be in the trade for like 2 months but good profit with low risk take time. The key to success is to be consistent and patient. So those of you that have been with me in GBPAUD, I just closed 1450PIPS profit.
I am currently short on EURNZD and I still have my long position on GBPCAD. Be patient and use a good risk reward and trust me, you will be profitable. Stick to your trading method and don't base your analysis on mine. But some time an extra confirmation from my analysis can be a great push of confident. Once you enter a trade don't change your SL or TP because your move once you enter are trade are emotional and the worst thing you can do in trading is to be emotional.
Trade with care!
PC
I am currently short on EURNZD and I still have my long position on GBPCAD. Be patient and use a good risk reward and trust me, you will be profitable. Stick to your trading method and don't base your analysis on mine. But some time an extra confirmation from my analysis can be a great push of confident. Once you enter a trade don't change your SL or TP because your move once you enter are trade are emotional and the worst thing you can do in trading is to be emotional.
Trade with care!
PC