Setup: It was noted that EURAUD could be dropping to 1.5 handle Our setup is complemented by the following: 1. Multiple timeframe analysis 2. Divergence
Approach: Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits. Trade 1: Entry: 1.56999 SL: 1.58197 TP: 1.54962
Trade 2: Entry: 1.56999 SL: 1.58197 TP: 1.52963
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.