EURAUD in an area of support, time to head to resistance!

Monday's trade! EURAUD sitting around 1.4678 level, perfect entry area for a push towards 1.4886. Place stops at 1.4649 - 30 pips. This trade has a great R:R with 7:1. Supply and demand trade, simple as that.

Remember! Trail your stoplosses 25 pips once you hit 25 pips profit!

So,
move stoploss to breakeven @ 25 pips profit
move Stoploss to 25 pips profit @ 50 pips profit

and so on!


Happy Trading,
Nick