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
Well there are two possibilities as pointed in the chart. I ,personally wait for 1.5822 to buy it. Best regards and good luck
EURAUD SELL SELL Opportunity! Will EURAUD Continue With The Move Down? According to Gann, Yes. A Good SL Will Be Around 1.6024 Levels
M PATTERN FORM WITH DOUBLE TOP ON EURAUD TO DROP DOWN
Pending Short @ 1.5150 Stop Loss @ 1.5300 Target 1 @ 1.4725 Target 2 @ 1.4425 RR Ratio @ 2.83 & 4.83 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Looking for some downside here in the EURAUD since it has made its way to the channel upper trend line. The time to consider short trades is at this point with a target of the channel lower trend line.
A beginning downtrend started a few days ago, price broke through and bigger timeframe key level (red line), we see the first retest of the line. The idea is to get a second retest to the line and then break through the countertrend. Target would be the next key level 1.4111. I will update this idea when price moves
Euraud make a pin bar in D1 and H4 Clear H & s pattern Break trend line