FX:EURAUD   Euro / Australian Dollar
214 1 7
EURAUD             potential high-probability setup.

Previous downtrend finished early September 2014, since then new higher highs and higher lows formed : back in uptrend.

Area to look for in the blue rectangle .

1/ Trading with the trend
2/ Key level at 1.4580 (narrows)
3/ 50% Retracement
4/ Trend line

Last factor I'm waiting for : 5/ Reversal candles formation (low test, doji , ... etc).

You can notice there's a similar setup for GBP/AUD             . Both are correlated, I will end up by only taking one of them.

Waiting for such technical high-probability setups will make you a constant winner in the Forex market.
Less trades, higher probability to work out, less stress, more time to enjoy your day (instead of scalping the 1m and 5m timeframes your whole days, which may work for some months but will eventually make you lose it all).

Related Ideas

Nice chart!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out