maliekevans

EURAUD Buy signal setup 3hr

Long
OANDA:EURAUD   Euro / Australian Dollar
Enjoy a free signal before the week gets started
Feedback, Likes, comments, and shares would be appreciated.

  • We have left a major 3hr s/r area where market has had a reversal
  • This would be a great opportunity to catch the trend reversal
  • Also we have 2 major monthly downtrend and uptrend lines colliding
  • Market has respected the major 12hr uptrend line, soon as it reached we saw a rejection 3x
  • then market rose to test a major 3hr downtrend, we saw a rejection
  • Currently looks like we are gonna be in a triangle pattern
  • I want to the market go down and test my major 3hr s/r area
  • and also possibly test the major 12hr uptrend line again
  • This should fuel the bulls to break up and above the major 3hr downtrend line
    Currently we are just waiting for the best entry our chances look good.



    EURAUD
    Buy Limit: 1.6210 (Best entry takes the most patience)
    Stop loss: 1.6110 (100 pips risk)
    Take profit: 1.6710 (500 pips reward)
    Risk: 1% to 3% of account (recommended)
    Reward/Risk: 5.00 (500/100)

    Buy Stop: 1.6310 (Only when market goes below this price will you be able to execute this order or you can use a buy limit)
    Stop loss: 1.6110 (200 pips risk)
    Take profit: 1.6710 (400 pips reward)
    Risk: 1% to 3% of account (recommended)
    Reward/Risk: 2.00 (400/200)
Trade active: