Euraudforecast
EURAUD - CAN YOU COUNT TO 3?Hey folks,
In EURAUD we have the perfect example of how the market makers move the market in levels of 3 to play with every trader's psychology.
This indicates to us that the market might actually reverse here. Especially because we're at a D1 Trap Zone.
Currently we're waiting for a second leg to complete our market structure. Once formed, we're looking for entries to go LONG on this pair.
1) Keep in mind we're in Level 3 now, so we will see volatile moves.
2) The market might only move up to 1.5750 as this is a quarter point + the H4 is showing a strong downtrend.
Let's see what the market brings to us.
Don't forget, we're the constant & the market is the variable.
Happy trading!
EURAUD - MULTI-DAY 'M' FORMING Hey folks,
Here's the analysis for the day for EURAUD.
We currently have a nice multi-day forming right at the last zoneflip before the anchor structure.
If this H1 candle closes BELOW 13 EMA we have a 2nd leg nameable pattern (Morning Star) and we're going to enter the trade!
Target will be around @1.6075.
Let's see what happens :D
EURAUD - UPDATEHey folks,
Same as the other 2 pairs, EURAUD shot up aswell!
This one went a little higher than expected but then again, look where it stopped... right at another ZONE FLIP.
On the H4 we're looking to see a big fat shift candle to the downside, if this happens we'll get into the trade at the CLOSE of the H4.
But then again, we're not stressed to take a trade. When they move, we move :)
*UPDATE 2.0* EURAUD - TREND REVERSALHey folks,
Here another update on EURAUD.
We have closed our position with 100 pips profit!
Exactly at the area where we predicted the pullback, unreal how accurate these markets are.
Currently we're looking for a bounce off the 50 EMA on the H4, or a M formation off the 200 EMA on the H1 for a better entry.
It definitely looks like it's going to drop more.
Will keep you guys update if we enter another trade :)