Due to the current strength of the Australian Dollar, we can expect continued bearish momentum toward equal lows at 1.59481. This is where the stop losses of long position traders are and the institutional traders may target this liquidity pool at 1.59481.
Further take profit areas are: 1.56787 and another equal low at 1.53323
Retail buyers may believe that...
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Target 1: 1,65650
Target 2: 1,65185
Target 3: 1,64715
Stop-Loss: 67,5 pips
EUR/AUD looks like its falling off a cliff. My indicators are telling me there's more downside to come. I'm in at 1.7432 with a STOP at 1.7798 and a TAKE PROFIT at 1.6557. I expect some big swings so a large STOP is necessary but I expect this trade to make progress quite quickly and I can get a B/E STOP before too long.
Hi everybody, I've taken a sell on EURAUD as we've reached a high point once again and we were in a consolidation period we have now broken it hopefully and will continue to go downwards I entered into the trade a little late but no big deal as my prediction is this pair will drop heavily due to the trade balance news coming out at 7:30pm EST. Lets get these pips!!
its all about knowing the direction I have a short bias on this pair according to higher time frames but waiting for the price to reach where i can get a good RR ratio, you can enter at this price for a 1 to 1 RR ratio tp on 27% Fib ratio but its better to just for for the sell limit to get activated as we have missed on the first wave