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Euraudsetup

EURAUD, 4hr timeframe, buy on breakout of ranging areaEURAUD moved insde the yellow box area for 2 weeks and today we finally see a soid close above he ranging area on the 4hr timeframe. We could see price continue moving up to next resistace at 1.6550. A solid close above it will also open the possibility to go up until 1.6700 area. We could try buying EURAUD on the retracement or retest of this ranging area. Buy EURAUD 1.6380 Stop loss 1.6250 Take profit 1 @1.6510 Take profit 2 @1.6640 Take profit 3 @1.6770 Good luck
Long
by HayatoDragonFX
EURAUD Buy signal setup 3hrEnjoy a free signal before the week gets started Feedback, Likes, comments, and shares would be appreciated. We have left a major 3hr s/r area where market has had a reversal This would be a great opportunity to catch the trend reversal Also we have 2 major monthly downtrend and uptrend lines colliding Market has respected the major 12hr uptrend line, soon as it reached we saw a rejection 3x then market rose to test a major 3hr downtrend, we saw a rejection Currently looks like we are gonna be in a triangle pattern I want to the market go down and test my major 3hr s/r area and also possibly test the major 12hr uptrend line again This should fuel the bulls to break up and above the major 3hr downtrend line Currently we are just waiting for the best entry our chances look good. EURAUD Buy Limit: 1.6210 (Best entry takes the most patience) Stop loss: 1.6110 (100 pips risk) Take profit: 1.6710 (500 pips reward) Risk: 1% to 3% of account (recommended) Reward/Risk: 5.00 (500/100) Buy Stop: 1.6310 (Only when market goes below this price will you be able to execute this order or you can use a buy limit) Stop loss: 1.6110 (200 pips risk) Take profit: 1.6710 (400 pips reward) Risk: 1% to 3% of account (recommended) Reward/Risk: 2.00 (400/200)
Long
by maliekevans