I am expecting a some bullish pressure.
1. Price has found support and appears as if it's setting up for a chance to breakout out of the bullish flag.
2. Price respected the lower trendline of the flag pattern.
3. Price also retraced and found support at the 50.0 Fibonacci level.
The combination of the previous 3 statements eludes that there is a MAJOR support...
EURAUD approaching 1.5612 wait for price to get here then go long. Targets 1.5770 area. Use proper money management.
Once a trade is in profit always move your stop to entry that way you wont loose any money during any reversal.
Tight stops as always.
after forming a 5 wave falling diagonal, a breakout occured. however for any impulse wave, there is a retracement so for now we wait for price to retrace so that we can buy from there... apply risk management and my setup is invalid if price hit my stoploss
the exotic pair traded in a side ways ranging market for a long period of time, last week we witnessed a breakout to the upside
in which a bullish momentum is gained.
a retest was made by the pair during the Asian session today!! and the critical level acted as a great support.
a potential bounce can be seen from the current levels or from 1.6505 level.
Fib retest after forming a swing high, then up to the -27.00% which correlates with a significant high around the 1.64200 zone. Momentum has shifted from bearish to bullish if you check higher timeframes such as the weekly.
we can get a long trade form 1.58070 - 1.58200
with TP1 : 1.59150
TP2 : 1.60650
stop lose : 1.57580
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make...
Price breakout sell level. So we need to buy now.
Open long on EURAUD 1,5749
SL - 1.5709
TP - 1.6077
RRR - 1:8.44
Very big TP so we close position early than TP.
AUDUSD and AUDJPY going lower so it good potential to take some pips.
Let's catch some profit:)
Good that i closed sell positions on last idea on EURAUD
I bought EURAUD for few reasons
1) EURUSD going higher
2) AUDUSD going lower
3) EURAUD has good buy impulse and breakout main levels near 1.5918 and 1.5874
So i take buy order at 1.5971 SL - 1.5827 TP - 1.6560 And RRR - 1:4
Yes, big SL. Use small lots.
WELCOME TO DACAPITAL TRADING!!
WEEKLY FOREX MASTER SIGNAL
Takeout of 1.60040 Key level with instant reaction to that
Market back bullish after a small pullback
Overall very bullish with strong pressure
BUY EURAUD @ 1.61650
SL @ 1.60240 (140 Pips)
TP1 @ 1.63160 (150 Pips)
TP2 @ 1.63750 (210 Pips)
SL TO BREAK EVEN @ HIT OF 88.60%...
The Daily chart seems a little confusing as far as structure. Zooming out to the weekly we can clearly see that price wants to go up for one more move. I`m not sure how far it would go but I don`t expect it to go way above the 3rd wave top. After the 5th wave is over, we should see a deeper zigzag correction to one of the support levels (with yellow dotted line),...
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.
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...