EURAUD – an illustration of what is trend and how to trade it
The saying goes “Trend is your friend”. This is only true if you know what is trend? Trend in which timeframe?
EURAUD will educate you on how to identify trend using what we teach in Tflow®
Weekly chart shows price still uptrend
However Daily chart on recent price behaviour is showing down. This means that price will have to keep falling till it reaches a support found in weekly chart
1234 seen in H4
Below 14770 has S 14680 14550 14470
Review & Results
So how did this trade go? Students got an average of 100+ pips in profit! You can read about the review and the results of this trade in this post, EURAUD: Typical Tflow® trade on a Recurring Pattern.