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Euraudforecast

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
EURAUD forcast 3/June/2020Hi, EURAUD moved 431 pips to the downside my previous analyses H1 H4 now it is on a trend-line it touched three times, i am expecting two things:- first: the way candles come to the trendline was a big implusive movement that indicates price will keep falling down check this candles second: after it made a three touch that also indicates the price will reverse to the upside (as it formed falling wedge) if selling candles become smaller and smaller that indicates buying preasure to the upside. check this that based on my opinion Thank you
by kabtanfx
1
EURAUD H4 LONG PRICE ACTION FORECASTA diminished bearish momentum with the EUR can be spotted. On the one hand, the double bottom is created at the support level, and the bullish divergence from the MACD gives enough confirmation for a long entry. For this setup, a buy-stop position will do as if the price doesn't pullback; it can keep its bearishness without any damage. But on the contrary, if the correction happens, price action will trigger the long entry with room enough to target as usual an R:R | 1:2 with the T/P at the top of the channel formation that has been formed.
Long
by OGFXTRADER
2
EURAUD short position for near termAs can be seen in the chart above, EURAUD seems to be in a strong downtrend. It seems that it will continue following the downtrend for the near term and test the support level of 1.65900, which is where I will be placing my take-profit level. We can expect to see some volatility in this pair with the upcoming news announcement in a few hours for the AUD pair (the RBA Trimmed Mean CPI QoQ and the Consumer Price Index QoQ in about 2 hours and 45 minutes from now).
Short
by trendtrader
1