EURAUD is clearly in the middle of a downtrend. Its now forming a clear 3-touch expanding structure with the last leg appear to be a false break to grab liquidity (catching people on the wrong sidee of the market). After breking outside of the structure, its completely retrace back into the structure and forming a bearish continuation structure. I’m not setting...
EURAUD BEARISH SHARK PATTERN Market Sell Order Set Up. Sell Entry: (1.57698) Min Take-Profit: (1.57107) Max Take-Profit: (1.56695) Stop-Loss: (1.58222) Max Risk-Reward: (1.91) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EURAUD BULLISH SHARK PATTERN Market Buy Order Set Up. Buy Entry: (1.56303) Min Take-Profit: (1.56593) Max Take-Profit: (1.56946) Stop-Loss: (1.55807) Max Risk-Reward: (1.30) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
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EURAUD, tries to break the Strong Support! Trade when the price action tells....
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Looking at this as a possible long entry on EUR/AUD. We can see that we have made relative equal highs in two clean areas and the third tap of a trendline indicating from a retail perspective to short this market leaving a lot of liquidity to be raided to the upside also, a nice 5-minute head and shoulders was created enticing more retail traders to short. Good...
EURAUD BULLISH CRAB PATTERN Market Buy Order Set Up. Buy Entry: (1.57512) Take-Profit 1: (1.58607) Take-Profit 2: (1.59244) Stop-Loss: (1.56956) Max Risk-Reward: (3.12) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
This is ready to roll! Here is the Weekly;
hi ! happy 2021 and best wishes for your well being suggested level to open the position: 1.5870 timing to open: with the market opening Sunday US afternoon, Africa/European night or Monday morning if in Asia/Pacific :) time frame: the coming week those are guidelines for the general trade setup and the risk management with it. any questions, feel free to...
I just set a sell limit with these parameters. Let me know if you take the trade as well. Always use proper risk management!
Price has broken out of key support area, expect a strong move downwards
For long opportunity I will enter if it hits 50% fib for a better Risk/Reward
Yesterday EurAud had a false break under 1.6150 important support which was reversed quickly after. At this point, we have a higher low in place exactly in this support and the pair looks very well bided. A break above 1.62 would confirm that the pair could correct further and gains should accelerate to 1.6350 resistance. I will stay bullish as long as yesterday's...
After finding a bottom in the important 1.6150 zone support, EurAud rebounded around 200 pips. Now the pair is trading in a congestion range forming a symmetrical triangle and, although triangles are a continuation pattern, I expect the break to be on the upside in this case. 1.63 is the zone that should be conquered by bulls and a daily close above would...
Update: The completion of wave ii from sub-waves and the advent of ascending trend In the 60-minute chart, by the price, crossing the range of 1.6283 and with 5 ascending waves, we can get the first confirmation for increasing the price, also the corrective phase of this ascending trend has been completed in the range of 1.6159. We are currently hoping for a price...