We have been in an area of daily demand on both EURAUD and GBPAUD.
A couple of potential trade opportunities that I won't be looking at until next week. They could well get hit today though but I will stand aside on these if they do get hit personally as I don't like holding over the weekend. But something to look out for:
GBPAUD - There are a couple of trades to consider on this one. All having the same stop loss which is the swing low, so different degrees of risk for each one. Obviously you would adjust the lot size for each depending on your risk percentage. Here they are:
Buy limit @ 1.73242, SL @ 1.72600
Buy limit @ 1.73035, SL @ 1.72600
EURAUD -
Buy limit @ 1.46745, SL @ 1.46430 ( Hard to establish a stoploss unless you look at the swing low but the risk is too large for the potential reward if that was the case for this particular trade. The chance of a bounce out ways the need to set a stop so low in this case)
Buy limit @ 1.46160, SL @ 1.45780
Buy limit @ 1.46060, SL @ 1.45780
Sorry for the multiple entry possibilities but that is what I am looking at at the moment anyway.
A couple of potential trade opportunities that I won't be looking at until next week. They could well get hit today though but I will stand aside on these if they do get hit personally as I don't like holding over the weekend. But something to look out for:
GBPAUD - There are a couple of trades to consider on this one. All having the same stop loss which is the swing low, so different degrees of risk for each one. Obviously you would adjust the lot size for each depending on your risk percentage. Here they are:
Buy limit @ 1.73242, SL @ 1.72600
Buy limit @ 1.73035, SL @ 1.72600
EURAUD -
Buy limit @ 1.46745, SL @ 1.46430 ( Hard to establish a stoploss unless you look at the swing low but the risk is too large for the potential reward if that was the case for this particular trade. The chance of a bounce out ways the need to set a stop so low in this case)
Buy limit @ 1.46160, SL @ 1.45780
Buy limit @ 1.46060, SL @ 1.45780
Sorry for the multiple entry possibilities but that is what I am looking at at the moment anyway.