PRICE TOUCHED FOR THE 3RD TIME THE 1.48840 LEVEL. IF PRICE FALLS, ENTER TRADE AT 1.48748. STOP LOSS SHOULD BE ABOVE 1.48940. PROFIT TARGET IS 1.47119. WAIT FOR THE BREAKOUT FROM THE TREND LINE.
Long EURAUD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURAUD has a cumulative probability of a =>6th day lower at 0.87%, hence there is a implied 99.13% chance of reversal on the daily. Trading Strategy: 1. Buy EURAUD at market in 1xlot, and add 2x on each daily close lower from here. Start in VERY small lots to reduce risk...
FX:EURAUD Safe Trades; open.spotify.com
The recent RSI uptrend line has broken indication more down side short term. I will be waiting to see wha happens when the longer down trend line on RSI breaks to the upside before my next move.
EURAUD - Broken Trendline - 3 Take Profit Targets
If this is a B wave triangle then wave I and II may be complete and a 3rd wave down is about to start. Target would be below 1.4300 so the risk reward would be real good with stops above 1.5100.
Im going to wait for market opening to see if it breaks the resistance but if not looking for a sell. Im a fairly new trader so any type of feedback is appreciated!
FX_IDC:EURAUD Safe Trades; open.spotify.com
I'm publishing for personal reasons to keep track of my positions for analysis later. EURAUD closed beneath kumo cloud on the daily. Strong trend. Made slight retracement to fib level & against 1HR kumo. I'm trying to sell here for 150 pips.