Euraudsetup
EURAUD 60MHello traders!
There is a short setting up right now for 40 pips. Stops can be tighter than 20 pips
by using the top of the 1H bar just completed. If it does head down that way, can
hold on for the original trade mentioned earlier between lines B and C.
Best,
Jay
EURAUD 15MHello traders!
An interim move up for 15 pips looks to be underway between lines A and B.
This trade can also be taken with a buy stop order as a set&forget setup. It's
a market buy for me cause already moving.
It is recommended to position stop no further away than 1:1 RR away from entry,
although this may vary with markets and volatility .
Best,
Jay
EURAUD 240MHello traders!
This trend might be a little overplayed but it may still deliver the pips. In this trade we
are shooting for 40 pips between lines B and C. Looking back at the nature of this trend,
the T1 and T2 levels are more likely to be hit, rather than the T3 level which could be a
launch level, thereby eliminating our short but we won`t know until Monday.
These trades can be taken with a buy stop order as a set&forget setup or we can wait for the body
of PA to close below line B as with the T1 level.
It`s recommended to position stop no further away than 1:1 RR away from entry, although this
may vary with markets and volatility.
Best,
Jay
EURAUD LONGEURAUD LONG
TP 1 60PIPS
TP 2 100PIPS
TP 3 155PIPS
TP 4 OPEN
To get involved with mentorship or get more trade ideas; contact me.
Instagram @VARGOSCAPITAL
EURAUD LONGEURAUD LONG
TP 1.62
TP 2 OPEN
To get involved with mentorship or get more trade ideas; contact me.
Instagram @VARGOSCAPITAL
EURAUD Short Trade Opportunity... Full analysis on screenPrice is up against some heavy resistance @1.63 and we can also see that Bearish momentum is increasing so I guess we will see a further decline in Price in the next few days. Crucial is a break of the trend line on the other hand if there is a break of the counter trend line I will close the trade manually. I hope my on screen analysis is clear but if not feel free to ask me in the comments below.
EURAUD may continue bearish to 1.59000 areaEURAUD made a pullback and may continue to complete a bullish crab at 1.59000 area...
EURAUD ShortWe have to watch 1.6260 level if any strong bearish 4h closer we are for sell, I think that level will be tested again, but trade safe this pair is a pain in the ass and can do big manipulations.
My advice don't trade this pair until you see a candle you want in that level because that level is the level where the manupilation
is made, I think that level will be tested 3 4 times until aussie gets stronger.
And make sure you put a big stop loss for this pair.
EURAUD Harmonic BAT Analysis and StrategyThis pair recently fell from a major resistance zone and price action has also recently broken below a major trend line trend line (yellow). This trend line has become a resistance zone as well. We also see the formation of a harmonic Bat Pattern and we predict it will be completed. These are all bearish technicals and our strategy is to trade the 4th leg of the pattern. FX:EURAUD
EURAUD Harmonic Crab Pattern Analysis and Backup StrategyIn addition to our AB=CD harmonic pattern analysis we are seeing the formation of a Crab pattern as well. As a fallback strategy, if the resistance zone on the previous chart is broken then we are predicting the harmonic crab pattern to be completed before price falls to the targeted zones. We will post more updates as we see how the strategy plays out. FX:EURAUD
EURAUD SELLLooking at an overall sell to 1.51859 long term. Directional bias bearish . Price currently in downward push on daily. Waiting for a retracement for sell entry. Anticipating retracement to 1.62088, looking at this area for potential sell entry. Will take partial profit at 23.6% at 1.59931 for 301.1 PIPS if price breaks down past major support at 1.60284.
