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Shorteuraud

EURAUD / 4H Technical factor for short The price move into rectangle channel and near to resistance zone of this formation in addition the price almost to complete AB=CD so the pair looks bearish . short levels , targets and stop lose are clear on chart > 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 your decision based on your vision . To protect capital and manage your deals and trading successfully the maximum loss in each transaction for the same currency or commodity in the same direction should not exceed ( 2% ) of the capital . Good luck >>
Short
by Golden_Spiral
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
Long
by QuantumLogicTrading