Trade Taken on EUR/AUD on 4-HR Chart. +117 Pips.
Posted on March 26th, 2008 by Yours Truly under Forex TradesVery very slow week and month but I managed to enter a trade today after the EUR news occurred and the position is currently up +117 pips. I will be aiming for the full projection as per the previous swing and stop loss has been set to break even. The great aspect of this trade is that it has broken out of its previous double top highs with a round number for support.
Here is the trade taken on the 4-Hour chart:
Alternatively, one could also enter the position right now as the pull back is occurring nicely on the 4 hour chart back to the support of the flat top triangle.
Here it is zoomed into the 1-hour time frame:



0.25%
0.50%
2.50%
3.75%
1.00%
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0.10%
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