Swing long on EURAUD looking to respect the upward bullish tend, potential for a wedge pattern to be forming on the higher timeframes.
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Using this to see how price plays out from the upward trend alongside using a longer term view I don't normally apply. Looking on a larger scale, stop potentially could be a bit tight considering the entry before there has been 2-3 days of rejections from the trend line but we'll see.
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SL moved to BE and 25% of the position closed at 4:1, potential for a pullback to the 1.5888 level. If bullish momentum continues around this level forming a HL, I'd look for another entry on this pair long
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Trade still moving nicely after one bearish daily close continuing momentum to the upside
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Slowly but surely