Hi guys, as over previous setup worked very well on eurusd as over other posts,what we see here next is that the pair may head a little more down from now so be ready to see some more downward moves in upcoming time.
Location : Eurusd H4 chart
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This trade has potential to be making lower highs and end uo making everything bearish. I use a 1:5 Risk/Reward ratio.
Here's the trade:
EURAUD Sell Market
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GBAPUD- advance trade entry , based on higher time price levels that haven't been approached in over two years , aggressive trade so I would use bigger stops loss to give trade room to break could resets the 1.8450 price levels
AUDUSD- I think the drop in XXX/USD pairs is possible a short trap to induce short sellers, I feel that would could see a strong impulse move to the upside , with tight stops this could be a highly rewarding trade ,I am targeting the price levels of 0.7250