EUR/AUD Daily Price Forecast – 3rd June 2022
This trade idea was generated by our powerful Elite Swing Trader on an H4 time frame.
- Buy Stop: 1.48391
- Take Profit: 1.48749
- Stop Loss: 1.47745
Recommended Lot Size
Trading is all about statistics.
While we can experience winning streaks, we can also suffer from losing streaks.
As such, we should always size each trade to withstand losing streaks (if any).
It’s widely recommended that you should not risk more than 2% of your capital for each trade.
We believe it’s easier to control your lot size by limiting your lot sizing to 0.01 for every $500 in your account.
So if you have $5000, then risk no more than 0.10 lot size per trade.
If you spot a mistake especially when it comes to the price, please use common sense and check the chart.
We wish you good luck and good profit for this trade idea.
For more trade ideas, join the Price Action Society…
Start with a $30 trading bonus
Trade forex and CFDs on stock indices, commodities, stocks, metals, and energies with these licensed and regulated brokers.
For all clients who open their first real account, these brokers offer a $30 trading bonus to test their products and services without any initial deposit needed.
Learn more about how you can trade over 1000 instruments on their MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.
If you like our analysis and would like to receive 3 to 7 trade ideas per day, then
Click here to learn more about the Price Action Society.
Claim Your $60 No Deposit Bonus Here
All you need is to have your live account verified!
Of course, you need to open a live account...
2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!
We use both of these brokers and proudly promote them!NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.
Other Analysis Today