Eyes on Euro. Hello traders, i am expecting euro to gain strength from that purple box. Also EUR/USD drops to test last week lows near 1.1200.
Its a good entry point to buy for both pairs. Hoping another good week of trading. Control your emotions, and always use the correct risk management. bless !
Euroaussie
EURAUD time to choppy?EURAUD at the halfway... still undecided. I didn't calculate it as usual because I'm too tired, but I would like to go down on this pair.
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EURAUD About To Start A Huge Move Down!I have been waiting for this setup for quite some time and posted this analysis a while ago. On the daily time frame we have a 5 wave corrective structure that broke to the downside. We then saw a smaller structure form below that and we are now seeing a break of the smaller structure. This indicates that the short break is valid. I am waiting for my entry trigger/setup and will enter this trade when my strategy triggers.
There are over 2000 pips in this trade if I am able to hold it all the way down but will be trading smaller time frames on the way down as well.
Contact me via direct message for any assistance required
Cheers
Linton
EURAUD Short Trade Setup - Bigger Picture TradeWe can see the formation of a 5 wave corrective structure on the daily time frame which has broken to the downside. There is a smaller structure which has formed below the daily structure. A break of the smaller structure should indicate the continuation of price movement to the downside.
The 3 Take Profit levels are indicated using Fib retracement targets.
EURAUD - DAILY CHART SELL SETUPEURAUD - Daily time frame. I was anticipating a reversal pull back on this pair for a few weeks and now i can see this pair and euro pairs falling into a corrective structure on daily time frames. After this big corrective move I see further strength in euro pairs and another extension/impulsive move to the upside on weekly time frame.
Long Opportunity on the Euro AUD pair Here I have identified an opportunity to secure a great low long position on this pair. I forecast a rebound in the Euro Zone o finish out the week and set a new trend for the remainder of the quarter. My stop loss and entry is there but the target is set with a long term vision. But you can place a Target #1 at 1.52200
LONG EURAUD - STRAT TRADE: 99.13% PROBABILITY OF REVERSALLong EURAUD:
1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURAUD has a cumulative probability of a =>6th day lower at 0.87%, hence there is a implied 99.13% chance of reversal on the daily.
Trading Strategy:
1. Buy EURAUD at market in 1xlot, and add 2x on each daily close lower from here. Start in VERY small lots to reduce risk and ensure you can add on adverse moves lower. TP is the next daily close higher.
Any questions please ask - also see performance attached of recent trades using the same stats