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Euraudforecast

EURAUD H1 SHORT PRICE ACTION FORECAST Since Tuesday, this pair has been dominated by the bears, a strong bearish bias, and the price action falling while holding the 18EMA. The downward movement might find support over the ascending trendline from a broader look (D1), it allows the setup of short entry if price retest the recently broken consolidation area, The order: Type: sell-limit S/L: 43 pips - R:R | 1:2 - T/P: ascending trendline -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURAUD H1 LONG PRICE ACTION FORECAST With price action recently breaking the descending channel for a bullish continuation, it shows the bullish momentum heading towards the previous supply zone. The price has reached a resistance level where I could expect a correction before moving higher. A long entry is placed at the Fib level 5.0 and retest of the channel's trendline. The order: Type: buy-limit S/L: 30 pips - R:R | 1:5 - T/P: supply zone -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURAUD H4 LONG PRICE ACTION FORECAST Price action forming the bullish pattern of clear HH&HL, currently testing the golden fib level signaling the probable end of correction for further uptrend continuation to a new swing high. Price structure allows the placement of a long order with the following setup. The order: Type: buy-stop S/L: 51 pips - R:R | 1:3.5 - T/P: resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURAUD BUY POSITION===== MARKET OUTLOOK ===== EUR - BULLISH 1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies. 2️⃣ German Business Climate came in on the strong side in July. 3️⃣ German Q2 GDP should be better due to spending recoveries. AUD - BEARISH 1️⃣ Australia added a near record 532 cases on Monday, with the president of the Victorian branch of the Australian Medical Association Julian Rait calling stage-four lockdown restrictions. 2️⃣ Dropped in consumer inflation expectations in Q2 will affect Australia's CPI data tomorrow. ===== TECHNICAL ===== 📊 We buy #EURAUD on SMA50 area. 📊 EURAUD in bullish zone. ===== MONEY MANAGEMENT ===== 💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.
Long
by MonsunAsia
1
EURAUD still in major ascending channelPurple rectangles = minor s/r area purple line = minor trendline euraud swings 4-5% (700-850 pips) within a month My BUY ZONE entry: 1.6200 TO 1.6275 My TAKE PROFIT AREA: 1.6915 to 1.6990 patience is key. I want to see this happen by july 27th . one month away Distance between the 2 area 640 pips Stop loss should be no bigger than 213 pips or around 1.6000 which is major price why? Reward to risk 640 / 213 = reward 3x your risk for example if you risk 3% to make 12% every time you place a trade. You can essentially lose more trades than you win and still remain profitable trader.
Long
by maliekevans