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Euraudshort

Series of Rising wedge patterns-Run towards southEURAUD The recent downtrend will further accelerates the selling in this pair.Rising wedge pattern will give us good risk reward ratio.Rejection around 1.57000 and support around 1.52500 Breakdown of the minor rising channel will be a good signal to sell this pair.Primary target would be 1.52500 *Price-below price action level *Price around point of control *Price around 03 EMA(50,100,200) *Fundamental support-AUD *Rising COVID cases-Negative impact in this pair Disclaimer! This chart represents the future expected move only-Not a financial advice Appreciate good works- “Don’t judge each day by the harvest you reap but by the seeds that you plant” Robert Louis Stevenson
Short
by forexorbit
Possible trend shift in EURAUD – going shortThe Tidal Shift Strategy has just sold EURAUD at 1.54652. The system recommends entering this trade at any price between 1.54466 and 1.54838. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.02756, which suggests that the EURAUD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00148, so the stop loss has been set at 1.55394. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 75771 Time Issued: Monday, 19 April 2021 03:00:01 GMT Status: open Entry: 1.54466 - 1.54838 Limit: N/A Stop Loss: 1.55394 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Short
by FXCM
EURAUD - FOREX - 14. APR. 2021Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Bullish price action towards main sr level. 4 HOUR Overall bearish market structure.. DAILY Expecting more price action towards previous lows. - FOREX SETUP SELL EURAUD ENTRY LEVEL @ 1.55570 SL @ 1.56490 TP @ 1.54340 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
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