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.Note
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.