11021992
Long

EURAUD long entry at the retracemen

FX:EURAUD   Euro Fx/Australian Dollar
Hi traders,

Yesterday I posted about a EURAUD             looking for a long entry around the 1.4350 area, but price already went up like a rocket. The EURAUD             finally broke the steep bearish trendline . I am now waiting for price to retrace back to the most recent structure or the trendline . Stop goes below the lows at 1.45 area.

Entry: 1.46250
Stop: 1.44550
Target 1: 1.49188 = R:RR 1.73
Target 2: 1.51990 = R:RR 3.38

I wouldn't be surprised if the retracement doesn't go all the way down to my entry point, but in order to keep a good risk:reward ratio we have to wait.
I will be updating this as time progresses. Best of luck!
Comment: Moving entry to 1.4350.
Stop at 1.4250.
Targets will be given later.
Awesome bullish butterfly pattern setup on the AUD/CHF https://youtu.be/5GJYyAtO7pM

Interested in learning about harmonic patterns? PM me :)

Sponsor broker https://goo.gl/68jYzP
Moving entry to 1.4350.
Stop at 1.4250.
Targets will be given later.
Reply
is this still valid?
Reply
Excellent question. The entry at the retracement is still a good idea, but there is a slight problem with the current setup. I was going to update it during the weekend. Let me illustrate what the problem is.
snapshot


This new setup lines up with the other entry that I had on the EURCAD. If you want to take this trade, I suggest using the chart below.
snapshot
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out