EURAUD Second sell entryTouching second time, if it does not break it, I would have the same TP.
Just my idea.
Check your own
Euraudtrade
EURAUD reversed from resistance, potential drop!
EURAUD reversed off its resistance at 1.62552 where it could potentially drop further to 1.61788.
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Major resistance prevails# Resistance was respected
# Bearish engulfing pattern completed
# RSI recovering from oversold conditions
Shorting at market price 1.62732 with
# SL above bearish engulfing @ 1.64194 and
# TP lower down @ 1.57542
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As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
EURAUD Harmonic AB=CD Analysis and StrategyPrice action has completed an ab=cd pattern, at a strong resistance zone, on the 1 hr chart for this pair. The completion of the ab=cd pattern is a bearish signal therefore we took a short position with take profits set on the green zones. FX:EURAUD
POTENTIAL BEARISH CONTINUATION ON EURAUD Price is currently consolidating sideways creating a continuation pattern after that bearish and we may see price continue bearish to our take profit.
red line - SL
Green line - TP
Happy trading :)
Short opportunityThe up channel support has been broken indicating a change in market structure.
# Since then price has broken the 1.61326 support and
# Tested as resistance
# Bearish engulfing candle pattern formed (sell signal)
Entered at market price 1.61054 with
# SL above the engulfing at 1.61532 and
# TP lower down around support @ 1.59530
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#EURAUD Is in a strong and stable trendThe trend is a rising trend with all positive signs of continued gains, our target in a resistance area where the euraud has already stopped 3 times there in the past.
Take profit: 1.6340
EURAUD Harmonic AB=CD Analysis and StrategyPrice action has completed a ab=cd pattern on the 4 hr chart for this pair. The completion of the ab=cd pattern is in line with our short strategy therefore we added to our short position with take profits set on the green zones. FX:EURAUD
EURAUD Harmonic AB=CD Pattern Analysis and StrategyWe also see the formation of this AB=CD harmonic pattern on the 4 hr chart. This is a pattern that still has strong upside potential which signaled us to take a long position with take profit set on the green zone. We have a neutral outlook on this pair, therefore we are trading this pattern and the previous Gartley pattern we posted as well. FX:EURAUD
EURAUD Harmonic Gartley Pattern Analysis and StrategyA bearish Gartely Pattern is forming on the 4 hour chart and we are predicting it to complete the formation, therefore our strategy is to short the pair at the completion of the 4th leg. FX:EURAUD
EURAUD Harmonic Shark Pattern Analysis and StrategyWe are predicting the completion of a shark pattern and our strategy is to trade the 4th leg of the pattern as long as price action does not break below the red support zone. FX:EURAUD
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.
