11021992
Long

EURAUD long entry at the retracemen

FX:EURAUD   Euro Fx/Australian Dollar
4 months ago
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!
4 months ago
Comment: Moving entry to 1.4350.
Stop at 1.4250.
Targets will be given later.
liyeah
4 months ago
is this still valid?
Reply
11021992 liyeah
4 months ago
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
11021992
4 months ago
Moving entry to 1.4350.
Stop at 1.4250.
Targets will be given later.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out