FullTimeTrader
Short

EURAUD-free way for 1000+pips?!

FX:EURAUD   Euro Fx/Australian Dollar
675 13 12
I have change my bias to short on this pair. Unless or until something changes fundamentally. Yes there will be counter trend opportunities but they are higher risk, so I leave alone.

This trade comes from W1 analisis:
snapshot


Price has broken a very strong support area and technically now has a free way down.
There is also a potential bat wich we can use as target.

The tricky thing is to find and entry point on D1, price cand make a retracement o just continue falling now.
The SL is big but i will open small positions and move them to breakeven if the price continues falling.

Best regards.
what do you think? any opinions?
snapshot
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HiTech PRO KevinSinghDhaliwal
definitely there is such probability, as always, but at the moment probability for the downtrend is higher
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I'd be surprised if it fell much lower before a considerable retracement.
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HiTech PRO IvanLabrie
I actually expect exactly this kind of "surprise"
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snapshot
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IvanLabrie PRO IvanLabrie
I don't think gold will strengthen significantly, nor copper for the time being, and the RBA wants to devaluate the Australian dollar as well, and will continue with QE.
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HiTech PRO IvanLabrie
we need 4h close above 1.3872 for that.. better daily close
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nice chart, clear and simple
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did you check daily sma 200... you better sell after break it
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sinbux sinbux
weekly sma 200 pardon me
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