EURAUD Range Trade
Updated
This time I'm going to try a range trade.
We see a good horizontal channel that holds on pretty well.
In combination with a RSI that has been higher at the top and is descending now we can try a short like seen on the chart.
This trade will need a couple days I guess but it has a Risk Reward of 3.27.
Thanks for reading and I will keep updating this.
Wesley
We see a good horizontal channel that holds on pretty well.
In combination with a RSI that has been higher at the top and is descending now we can try a short like seen on the chart.
This trade will need a couple days I guess but it has a Risk Reward of 3.27.
Thanks for reading and I will keep updating this.
Wesley
Trade closed: stop reached
Stop got reached, in a few days I will take a look back what happened.Note
It looks like it’s following the arrow as drawn.Sad to see the too tight stoploss made it a small loss for now.
For the learning I’m still watching this pattern while not being in it.
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