Hello traders around the world!
My name is Alexandre Karim & today I will be sharing with you my trade on EURAUD.
If we go back to the daily chart, we can draw an expanding descending channel from October 2020 till present.
Currently the price formed a bull flag on the upper daily TL (We can see it on the 4H & 1H TL)
I was planning to take a long position when the price was forming the bull flag pattern.
I was waiting for the third touch on the lower TL shown in the picture + the price gave us a little descending correction (hover) as a reversal signal & took the trade at the breakout.
I am currently running at 4% and already moved my SL to BE.
Will be looking to lock below 1H corrections to secure profits.
You have to be patient and take quality trades.
#THEPRIMES
My name is Alexandre Karim & today I will be sharing with you my trade on EURAUD.
If we go back to the daily chart, we can draw an expanding descending channel from October 2020 till present.
Currently the price formed a bull flag on the upper daily TL (We can see it on the 4H & 1H TL)
I was planning to take a long position when the price was forming the bull flag pattern.
I was waiting for the third touch on the lower TL shown in the picture + the price gave us a little descending correction (hover) as a reversal signal & took the trade at the breakout.
I am currently running at 4% and already moved my SL to BE.
Will be looking to lock below 1H corrections to secure profits.
You have to be patient and take quality trades.
#THEPRIMES