It is a risky trade since monthly and weekly frames show bearish mood,but we can not trade long for two reasons: First,AUDUSD on a monthly frame,price touches a 21 months simple moving average and price may go down. Second,EurUSD shows a nice moves in the last three days and keep m bullish mood trading.
EURAUD Buy SL 1.5500 TP 1.5660 TP2 1.5780 TP3 1.585 TP4 1.5950
I am expecting a some bullish pressure. 1. Price has found support and appears as if it's setting up for a chance to breakout out of the bullish flag. 2. Price respected the lower trendline of the flag pattern. 3. Price also retraced and found support at the 50.0 Fibonacci level. The combination of the previous 3 statements eludes that there is a MAJOR support...
EURAUD approaching 1.5612 wait for price to get here then go long. Targets 1.5770 area. Use proper money management. Once a trade is in profit always move your stop to entry that way you wont loose any money during any reversal. Tight stops as always.
after forming a 5 wave falling diagonal, a breakout occured. however for any impulse wave, there is a retracement so for now we wait for price to retrace so that we can buy from there... apply risk management and my setup is invalid if price hit my stoploss
long euraud for the target that shown in the chart. Bull flage is firmed and Fibonacci cluster supported the price.
the exotic pair traded in a side ways ranging market for a long period of time, last week we witnessed a breakout to the upside in which a bullish momentum is gained. a retest was made by the pair during the Asian session today!! and the critical level acted as a great support. a potential bounce can be seen from the current levels or from 1.6505 level. the stop...
Fib retest after forming a swing high, then up to the -27.00% which correlates with a significant high around the 1.64200 zone. Momentum has shifted from bearish to bullish if you check higher timeframes such as the weekly.
I hope you will have a new week with good trades.
we can get a long trade form 1.58070 - 1.58200 with TP1 : 1.59150 TP2 : 1.60650 stop lose : 1.57580 This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make...
Price breakout sell level. So we need to buy now. Open long on EURAUD 1,5749 SL - 1.5709 TP - 1.6077 RRR - 1:8.44 Very big TP so we close position early than TP. AUDUSD and AUDJPY going lower so it good potential to take some pips. Let's catch some profit:) Good that i closed sell positions on last idea on EURAUD
I bought EURAUD for few reasons 1) EURUSD going higher 2) AUDUSD going lower 3) EURAUD has good buy impulse and breakout main levels near 1.5918 and 1.5874 So i take buy order at 1.5971 SL - 1.5827 TP - 1.6560 And RRR - 1:4 Yes, big SL. Use small lots.
WELCOME TO DACAPITAL TRADING!! WEEKLY FOREX MASTER SIGNAL 4 HOUR Takeout of 1.60040 Key level with instant reaction to that DAILY Market back bullish after a small pullback WEEKLY Overall very bullish with strong pressure LEVELS BUY EURAUD @ 1.61650 SL @ 1.60240 (140 Pips) TP1 @ 1.63160 (150 Pips) TP2 @ 1.63750 (210 Pips) SL TO BREAK EVEN @ HIT OF 88.60%...
The Daily chart seems a little confusing as far as structure. Zooming out to the weekly we can clearly see that price wants to go up for one more move. I`m not sure how far it would go but I don`t expect it to go way above the 3rd wave top. After the 5th wave is over, we should see a deeper zigzag correction to one of the support levels (with yellow dotted line),...
Long 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...