EUR/AUD - INTRADAY SIGNAL - STAY TUNED FOR THE UPDATES

Pay attention to the updates section as I will be posting when I will be entering my trade.

The analysis is made based on order flow using volume profile + EW

For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.

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I will be entering as soon as the price enters the PRZ and then look for a 15m bull trend candle

I will update as soon as there is an entry

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for all the harmonic traders out there, we are looking at an ABCD pattern whose targets would be extended up to the highs of the recent impulse

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price still forming a series of Dojis - no entry yet

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Buy stop set @ 1.6319
SL @ 1.6311 (8 pips)
TP @ 1.6332 (13 pips)

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The price just tapped the 0.618 - the pending order still remains valid

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Price is taking the form of a wedge - time for a breakout..?

Trade ist aktiv

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Stop loss moved to 1.6316 cutting down my risk to 3 pips

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note that the TP (1.1632) has been reached but the pos is still running due to the spread

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I will consider closing it manually

Trade wurde manuell geschlossen

Kommentar:

Closed 2 pips from target

+11 pips

See you again tomorrow - no more trades for today