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cvfxwealth
Oct 2, 2020 2:08 AM

EURAUD Sell - Expect another wave down 200+ Pips Short

FX:EURAUD240
Euro Fx/Australian DollarFXCM

Description

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EURAUD in consolidation range and have been giving us great trades the past few months.

We have strong confirmations back to the bottom of the channel @ 1.6108

Look to sell at backside of the down trend line.

TP @ bottom of channel, but remember to take profits in 50-70 pip ranges to maximize profits and protect profits.


Good luck trading!

Charles V
CVFXmanagement.com
Trading made Simple
Support and ResistanceSupply and DemandTrend LinesEURAUDeuroaudsellsignaltradingideasforexideasforexeducationlearnforexfx
Comments
cvfxwealth
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If Resistance area breaks 20-30 pips above, take loss. Otherwise hold as technicals still point downwards.

Always remember risk management and losses are part of the game.
cvfxwealth
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UTL broken, I would add a position @ 1.6500 to sell down and look at taking profit around 1.6340 - 1.6500
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