Euraudtrade
EURAUD SHORTBreak and retest of TL, nice rejections from the 0.618 which confluences nicely with a supply zone. Head and Shoulders formation on lower tf's which is a nice confluence for our sell, as well as divergence on the 30m RSI. SL an ATR above the wicks and TP is aiming for a retest of the lows.
EURAUD UPDATE!!!!Patience pays, remember every level will eventually be broken. got some positions in (0.01 lots) there are 2 scenarios here.
1.My stops will be hit.
2.My tp will be hit.
either way i have accepted a loss before ive accepted a win.
Abit of advice from a noobie, before you take a position dont have expectations. so dont go into a trade with winning in mind. personally i accept a loss the moment i place a trade. this way you will deal better with losses rather than taking a trade and expecting a win.
when expectations are not met especially in trading, it will make you feel horrible.
EURAUD Long term sellI'm in in this trade since last week. Momentum is really strong following the same idea of AUD going strong at the beginning of the year.
This is a long term trade. So it will take months. Best case scenario will be structure is complete and we are going completely down or
one more down to complete correction and then up on weekly. Good luck :)
EURAUD Trade IdeaFX:EURAUD
Mario Draghi's comments earlier during the press conference for the ECB Monetary Policy were mostly negative in terms of outlook. This should affect the euro accordingly so I will begin to build euro exposure...
1. Up-trend line broken
2. Retest of the trend line from the underside (can be seen clearly on a line chart)
3. Bearish engulfing candle pattern completed
Enter @ market price 1.56942
TP lower @ previous support 1.55260
SL just above the recent high where I feel the setup would be deemed invalidated 1.57997
Don't bet the farm, always exercise good risk management
EURAUD - SELL TIME - YOU AGREE?EURAUD HAS NOW BROKEN THE SUPPORT LINE
AND AS I HAVE ANALYSED WE ARE NOW EXPECTING
THIS TO GO DOWN.
GO TO LOWER TIME FRAME AND CHECK IF A FLAG
IS FORMING. BUT THE REVERSAL AND THEN SELL
DOWN. WELL THAT IS IS YOU ARE SURE OF WHAT
YOU ARE DOING.
SUPPORT THE MOVEMENT WITH YOUR LIKES,
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