Euraudlong
EURAUD LONGEURAUD has broken the Symmetrical triangle pattern in Upside.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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EUR/AUD: Watchlist Long Trade for next weekEUR/AUD: Watchlist Long Trade for next week
> High Volume POC below current levels
> 3 touch inner upward trend
> inverse Shoulder-Head-Shoulder
> Need a break of the last falling high + 2 touch inner downward trend break
We are looking for a break of structure + change in sequence. This will be achieved once the last lower high is broken to the upside.
Check out our last Stream by Wall Street Trader Meikel Mokry:
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Meikel & Your Team WSI
EURAUD LONGEURAUD is rebounding from the higher low area of the ascending channel and the horizontal support area on a H4 Time Frame. Wait for a trend reversal confirmation before placing any trade.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
Please like and share for more useful content:
EURAUD - Support Trap 🐻This pair is creating support just above the demand and fair value gap.
I have no interest in trading the support or the demand just below it.
My main focus is locating longs within the gap or at the lowest demand.
We will have to wait a while for this to play out but the patience will pay.
EUR/AUD: Higher high mit heavy VolumeEUR/AUD: Higher high mit heavy Volume
- overaching upward trendchannel
- break of bearish pullbak
- POC high volume below current price
- Break of Structure & Change of Character
For more content watch my last 3 streams:
⚜️ 5 Step Wall Street Analysis
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⚜️ Multiple Timeframe Analysis
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⚜️ Fixed Range Volume Profile
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Meikel & Team WSI
EUR/AUD bullishwe have rising wave then corrective channel have it a double bottom , we talked before is the price heading to retest a old trendline broken at 1.55200 The price moved quickly and then slowed down. I think that the level of 1.50270 will be the beginning of the ascending wave. We have to watch it well and watch the price’s interaction with this level vel.
Jamie Gun2Head idea - Buying EURAUDTrade Idea: Breaking out of previous resistance
Reasoning: Bullish channel, breaking above key resistance level
Entry Level: 1.51120
Take Profit Level: 1.52620
Stop Loss: 1.50520
Risk/Reward: 2.5R
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long position EURAUD As can be seen in the chart, the price is moving in the drawn channel, which has returned to the bottom of the channel at 1.5274 after hitting the level of 61.8% Fibonacci. On the other hand, we can expect the formation of the head and shoulder pattern with Shim. Therefore, when the price reaches the bottom of the channel, we will buy
Euraud Analysis from 16-05-2022 (time to continue downtrend)Euraud Analysis from 16-05-2022 (time to continue downtrend),
The eur aud pair has been characterized as a directionless pair. lol. Hence we will not pay much emphasis on its fundamentals though some high impact news which could cause volatility in the euro are the euro commission spring forecast on Monday 11:00 am, WAT, gdp rate qoq on tuesday 11:00am WAT. From Australia , we should keep a watch on the Aud when the Reserve Bank of Australia minutes are read on tuesday 17th may 3:30 am wat.
Sentimentally, the euro zone is yet to recover from the economic effects of the war/ tension in Ukraine and the shortage of supplies from Russia to other parts of Europe.
Technically, euraud after breaking a structural demand zone around the 1.5262 price area on 2nd of march 2022, as highlighted on the chart, the price has reached that structural level which may now be seen as a supply zone as price has rejected the zone twice on the daily time frame followed by a control drop...
a full multi timeframe breakdown an entry strategy is been shared in the video analysis of this content in the red channel below.
My approach: I would wait for price to retrace to the area around 1.5114 to look for short signals, confirmation and entry
on the 4hr chart.
My sentimental bias for the euraud is bearish.
I would love to see your opinions about this pair. cheers
Lets go take some risk, lets go make some money.