EURAUD Trade update

As you already know, I have an open trade on the EURAUD, I’m short since last Tuesday from 1.3485. It is currently trading at 1.3395 (90 pips on my favor) and I’m just planning what I’m going to do with this trade. Here is the chart:

I’ll have to take a decision whether or not leave my trade open over the weekend, and here is my plan:

  • If the EURAUD breaks the bottom of the range (1.3367), I’ll keep my trade open and move my stop loss level to the middle of the range.
  • If it doesn’t break the bottom of the range, I’ll close it and therefore will have a nice and relaxing weekend :)

So, both scenarios are good! Hope all trades were like this one…

Have a great weekend! And see you next Monday!

Trade Safe!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .