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EURAUD broke out the support quite sharply, i am expecting the it to make an extended low to 1.58 handle, since the momentum is quite weaker across higher time frames and market is trading below my key MA. Watch out this market for sharp bearish moves.
Yup, you can see it on the chart... We predicted EURAUD perfectly!
What do we expect? Further down move of course :D
Let's see what the market makers bring us.
I have been trading intra-day the last few days and couldn't focus on posting my analysis.
So here we go with EURAUD.
As you see it played out exactly how we predicted!
For the coming week, I expect a reset at the 200 EMA (white line) & previous trap area to then move up to @1.63300.
At this area we expect a larger move down due to higher time ...
this week's update for EURAUD
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LOOKING FOR A SELL SETUP ON THE EURAUD THIS WEEK
We have just entered EURAUD short on the M15.
Price formed a nice M formation and we expect it to drop 20-30 pips.
If the H1 confirms on the close aswell, we might add another entry and swing it!
Here's the analysis for the day for EURAUD.
We currently have a nice multi-day forming right at the last zoneflip before the anchor structure.
If this H1 candle closes BELOW 13 EMA we have a 2nd leg nameable pattern (Morning Star) and we're going to enter the trade!
Target will be around @1.6075.
Let's see what happens :D
Same as the other 2 pairs, EURAUD shot up aswell!
This one went a little higher than expected but then again, look where it stopped... right at another ZONE FLIP.
On the H4 we're looking to see a big fat shift candle to the downside, if this happens we'll get into the trade at the CLOSE of the H4.
But then again, we're not stressed to take a trade. ...
For the beginning of the week we're looking at EURAUD.
It formed a nice peak formation and dropped 2 levels on the H1. In correlation to level 1 on H4, we're looking for a stophunt high drop at the marked Zone Flip.
Let's see what this week brings us:)
Here another update on EURAUD.
We have closed our position with 100 pips profit!
Exactly at the area where we predicted the pullback, unreal how accurate these markets are.
Currently we're looking for a bounce off the 50 EMA on the H4, or a M formation off the 200 EMA on the H1 for a better entry.
It definitely looks like it's going to drop ...
As you see, EURAUD turned out exactly how we expected it to.
Currently we're up around 50 pips, the entry wasn't the best but I'm ready to hold this for around 100-150 pips.
If this retraces (as it should in Level 1), we might add another good entry.
We have now entered EA sell:
Nice 2/1 ratio.
I went in with 1% risk.
If this next 4H candle closes ABOVE 13 EMA I'm going to take a scratch and close!
Strict rules following these trades :)
Last week we had our projection for EURAUD looking at a nice trend reversal.
As predicted for this week, the pair has come back to retest the recent highs.
As of now, I'm waiting for a second hit to the high, otherwise I will not take the trade from the top.
Let's wait and see what happens!
If they move, we move.
Price reached the weekly resistance along with the retest of a previous broken long trend line. In the test of the weekly resistance the price broke, again, the long trend line and is now retesting it, but is already showing some rejection bearish candles. I`m waiting for a clear bearish price action to go short!
EURAUD H4 Short Trade Setup
Bearish crab harmonic pattern in formation.
Sell at 1.59680
To retrace to the 0.786 level of fibonacci would mean for price to get all the way up to 1.59949.
4/25/18 (1.61409) on the Daily timeframe, shooting star candle which lead to a massive drop (~860 pips) til around 6/4/18 (1.52747 top of a key zone.)
Historically, this trend repeats itself from the ~1.61409 level very well. From 8/24/15 to 2/11/16 about 5 ...