By Casey Stubbs– Follow Casey on Twitter to see how this trade plays out.
I hope that you see the value of being patient and waiting for breakout trades to develop. The last breakout trade I posted on Eur/Aud ran for quite some time. If you did not participate in that last one check this breakout on the Eur/Usd that has formed on the close of todays daily candle. I am going to keep this short and sweet. Enter short on the daily close which is 5 pm Est time about 2 hours from now.
The has the breakout in our favor plus it is overbought with trend continuation so this could be quite a good trade.
Take a look at the daily chart.
Click on the Chart to Zoom up.
I like it because there are several different things lining up in our favor besides the breakout trade. The more factors in favor the better the chances of a positive trade. As always use good money and trade management to maximize this position.
Did anyone catch that last EurAud Breakout and do you traders favor breakouts at all?
Winner’s Edge Trading, as seen on: