We are looking at this new Swing Trading Idea on the EURAUD pair. Price has been in a nice bullish uptrend since days. After three levels of rise and a peak high forming, we are looking for short orders in the market.
Divergence is also in place for this trade. As this one is a Swing trade, our stop loss is a little bit wider. In this case more then -50 Pips.
Although the stop loss is wider, the risk reward on this trade is more than 1:10 if our take profit hits. Thats more than great!
Wishing everyone success and a profitabel trading day!