all is writted on the plan is basic chart analysis but i pass short now or sooner for the pullback All will dependt if stock market rebound in coming hours/days or down again bit more But this area resistance is really a Monthly res with many dip /leg
EURAUD Forecast wait confirmation break above 1.5825 target target R1: 1.589 R2: 1.595 break below 1.573 target S1 : 1.5670 S2 : 1.558
i open a short for bet on a pullback as the price is overbought much in h30 and h1 and also face a daily resistance china and us tension ease AUD trade balance was bad but retails sale beat expectation so for me is ok
EURAUD Forecast on H4 Buy Target 1.575 -1.585 Stoploss : 1.550
Hey folks, In EURAUD we have the perfect example of how the market makers move the market in levels of 3 to play with every trader's psychology. This indicates to us that the market might actually reverse here. Especially because we're at a D1 Trap Zone. Currently we're waiting for a second leg to complete our market structure. Once formed, we're looking for...
TARGET 200 PIPS TP1: 1.5756 TP2: 1.5839 STOP LOSS: 1.5551
I usually don't analyze hourly charts but this should be a fast trade, with a wolfe wave pattern inside a larger one on the 4h chart. www.tradingview.com
this week's update for EURAUD please follow, like and comment :)
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Hey folks, Here's the analysis for the day for EURAUD. We currently have a nice multi-day forming right at the last zoneflip before the anchor structure. If this H1 candle closes BELOW 13 EMA we have a 2nd leg nameable pattern (Morning Star) and we're going to enter the trade! Target will be around @1.6075. Let's see what happens :D
EURAUD broke out the support quite sharply, i am expecting the it to make an extended low to 1.58 handle, since the momentum is quite weaker across higher time frames and market is trading below my key MA. Watch out this market for sharp bearish moves. Trade Safe!
Hey folks, Same as the other 2 pairs, EURAUD shot up aswell! This one went a little higher than expected but then again, look where it stopped... right at another ZONE FLIP. On the H4 we're looking to see a big fat shift candle to the downside, if this happens we'll get into the trade at the CLOSE of the H4. But then again, we're not stressed to take a trade....
Hey folks, Here another update on EURAUD. We have closed our position with 100 pips profit! Exactly at the area where we predicted the pullback, unreal how accurate these markets are. Currently we're looking for a bounce off the 50 EMA on the H4, or a M formation off the 200 EMA on the H1 for a better entry. It definitely looks like it's going to drop...
Hello Traders, EURAUD short-term Elliott wave view suggests that the rally to 1.6353 high ended blue wave (1) higher. The internals of that degree unfolded as impulse structure with lesser degree cycles showing the sub-division of 5 waves structure. Below from 1.6353 high, the pair is doing an blue wave (2) pullback in 3, 7 or 11 swings before upside renew. We...
Hey folks, We have now entered EA sell: Price @1.62478 SL @1.63400 TP @1.60500 Nice 2/1 ratio. I went in with 1% risk. If this next 4H candle closes ABOVE 13 EMA I'm going to take a scratch and close! Strict rules following these trades :)