WillSebastian

EURAUD And Using Entry Confirmation In Bull Runs

Short
FX:EURAUD   Euro / Australian Dollar
Hey Traders,

Sometimes the best indicators are ones you can't apply to the chart.

That being Price Action. When used correctly Via lower TFs... You can get a way better deal.

That is because you do not race in large.

Watch for more and post Qs if you got em.
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out for gains set NO 1
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(Use Trail Stop)
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Looking to re short on rise. Accurate exit confirmed
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Questions guys please do post below :)
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Very light movement due to lack of sentiment PRE GDP.

Best to keep eyes open in this period before there is a shakeup. Early PA levels are causing very slow moves down also.

Risk averse zones still remain slightly higher than prev high. Light Scalps can be attained inbetween but must be light and at LOWER TF resistance.
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Exit scalps for further gains.
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Exit for more gains on further fall.

This is why we trade pops and re short.
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You should now be out for 3-4X Short Side gains. Eventual TGT circa 1.66 at early support.
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Any re shorts now will be very light.

Longer term risk averse zone above previous highs remains for risk averse traders.

Choose your size wisely!
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Close remaining shorts for weekend.
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Study the lessons covered over the weekend and always understand that extreme markets require :

1) Historic PA levels

2) Light DCA and RE entries on falls / Rises.

Not the time to be buying.
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Looking for light RE shorts as we go into this week.

Also checking for risk averse shorts higher up. Stay out if you choose to.
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Exit any other shorts taken for further gains.
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Current area suitable for hedge (or extremely light longs). Well done if you followed the pick and caught stage one of the fall!
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EURAUD totally wasted in line with our short side plans.

Take it long.
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Out for gains again
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After exiting your longside trades for gains Hold OFF Shorts and make them light when you do enter a little higher.
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Light shorts 1.66
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Shorts exited for gains
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By this point you’ve taken so many gains short - long - re short.

Looking to re short ONLY lightly higher and further if previous high is beaten
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Kill all shorts. Scalpers market persists, awaiting movement MAYBE via ECB
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Any longs need to be very light with early exits.
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Risk Averse Re long zone comes with mid size @ 1.62250
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Trashed further through key pa zone 1. Awaiting further entry level
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This is why we use;

EARLY PA

Holding off
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Still awaiting long zone Circa 1.62250. Keep watch as we progress into next week.
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Long now
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Exit for gains. Look to rebuy on light dips.
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And that’s why we exited. React to early pa
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hold off shorts until higher.
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Still awaiting new shorts going into this week.
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Any further impulse moves can be taken very lightly short.
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Risk averse longs coming nearer 1.587

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